Pi Financial Reiterates “Buy” Rating for Premium Brands (TSE:PBH)

Premium Brands (TSE:PBH)‘s stock had its “buy” rating restated by investment analysts at Pi Financial in a research note issued on Tuesday, Marketbeat reports. They presently have a C$112.00 price target on the stock. Pi Financial’s price target would suggest a potential upside of 30.89% from the stock’s current price. Pi Financial also issued estimates for Premium Brands’ Q2 2024 earnings at $1.58 EPS, Q3 2024 earnings at $1.65 EPS and Q4 2024 earnings at $1.32 EPS.

A number of other research analysts have also weighed in on PBH. TD Securities dropped their price target on shares of Premium Brands from C$130.00 to C$120.00 and set a “buy” rating on the stock in a research report on Monday, March 18th. CIBC dropped their price target on shares of Premium Brands from C$102.00 to C$97.00 and set a “neutral” rating on the stock in a research report on Monday, March 18th. Stifel Nicolaus dropped their price target on shares of Premium Brands from C$108.00 to C$104.00 and set a “buy” rating on the stock in a research report on Monday, March 18th. Royal Bank of Canada dropped their price target on shares of Premium Brands from C$103.00 to C$99.00 and set a “sector perform” rating on the stock in a research report on Monday, March 18th. Finally, Desjardins dropped their price target on shares of Premium Brands from C$110.00 to C$105.00 and set a “buy” rating on the stock in a research report on Monday, March 18th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, Premium Brands currently has an average rating of “Moderate Buy” and an average price target of C$111.60.

Premium Brands Stock Up 0.3 %

Premium Brands stock opened at C$85.57 on Tuesday. Premium Brands has a 1-year low of C$84.66 and a 1-year high of C$113.60. The firm has a market capitalization of C$3.80 billion, a price-to-earnings ratio of 40.55, a price-to-earnings-growth ratio of 1.10 and a beta of 1.01. The firm’s fifty day moving average price is C$89.24 and its two-hundred day moving average price is C$91.48. The company has a current ratio of 2.08, a quick ratio of 1.16 and a debt-to-equity ratio of 149.12.

Premium Brands (TSE:PBH) last released its quarterly earnings data on Friday, March 15th. The company reported C$0.85 earnings per share for the quarter, missing analysts’ consensus estimates of C$1.13 by C($0.28). Premium Brands had a net margin of 1.50% and a return on equity of 5.26%. The business had revenue of C$1.55 billion during the quarter, compared to the consensus estimate of C$1.61 billion. On average, equities research analysts predict that Premium Brands will post 4.8440524 earnings per share for the current fiscal year.

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.