Premium Brands (TSE:PBH) Given New C$120.00 Price Target at Ventum Financial

Premium Brands (TSE:PBH) had its target price upped by equities research analysts at Ventum Financial from C$109.00 to C$120.00 in a report released on Monday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Ventum Financial’s target price suggests a potential upside of 51.19% from the company’s current price.

A number of other equities research analysts also recently weighed in on PBH. National Bankshares reduced their target price on Premium Brands from C$99.00 to C$96.00 and set a “sector perform” rating on the stock in a report on Thursday, February 27th. BMO Capital Markets raised their price target on shares of Premium Brands from C$94.00 to C$100.00 and gave the company an “outperform” rating in a research note on Monday. Royal Bank of Canada boosted their price target on Premium Brands from C$96.00 to C$97.00 and gave the company an “outperform” rating in a research note on Thursday. Desjardins dropped their price objective on shares of Premium Brands from C$95.00 to C$93.00 and set a “buy” rating on the stock in a research note on Monday. Finally, Raymond James set a C$100.00 target price on Premium Brands and gave the company an “outperform” rating in a research note on Thursday, December 19th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, Premium Brands has an average rating of “Moderate Buy” and an average price target of C$102.90.

Premium Brands Stock Performance

Shares of TSE:PBH traded up C$0.65 during trading on Monday, reaching C$79.37. 161,622 shares of the stock were exchanged, compared to its average volume of 86,984. Premium Brands has a 12 month low of C$74.00 and a 12 month high of C$97.10. The stock has a 50-day moving average price of C$77.76 and a 200-day moving average price of C$82.94. The company has a current ratio of 1.51, a quick ratio of 1.16 and a debt-to-equity ratio of 163.00. The firm has a market cap of C$3.54 billion, a PE ratio of 35.33, a PEG ratio of 1.10 and a beta of 0.98.

About Premium Brands

Premium Brands Holdings Corporation, through its subsidiaries, manufactures and distributes food products primarily in Canada and the United States. It operates in two segments, Specialty Foods and Premium Food Distribution. The company provides processed meat, deli products, meat snacks, beef jerky and halal, sandwiches, pastries, specialty and gourmet products, entrees, panini, wraps, subs, hamburgers, burgers, salads and kettle products, muffins, breads, pastas, pizza, and baking and sushi products.