Premium Brands (TSE:PBH) Price Target Cut to C$96.00 by Analysts at National Bankshares

Premium Brands (TSE:PBH) had its target price dropped by equities research analysts at National Bankshares from C$99.00 to C$96.00 in a note issued to investors on Thursday,BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. National Bankshares’ price objective would indicate a potential upside of 23.52% from the company’s current price.

Several other equities research analysts also recently commented on PBH. TD Securities lowered their price objective on shares of Premium Brands from C$129.00 to C$120.00 and set a “buy” rating for the company in a research note on Thursday, November 7th. Stifel Nicolaus lowered their price objective on shares of Premium Brands from C$106.00 to C$101.00 in a research note on Thursday, November 7th. BMO Capital Markets lowered their price objective on shares of Premium Brands from C$111.00 to C$94.00 in a research note on Thursday, November 7th. Raymond James set a C$100.00 price objective on shares of Premium Brands and gave the stock an “outperform” rating in a research note on Thursday, December 19th. Finally, CIBC lowered their price objective on shares of Premium Brands from C$103.00 to C$90.00 in a research note on Thursday, November 7th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of C$101.67.

Premium Brands Price Performance

Shares of PBH opened at C$77.72 on Thursday. Premium Brands has a twelve month low of C$74.00 and a twelve month high of C$97.10. The company has a 50 day moving average of C$78.37 and a two-hundred day moving average of C$84.02. The company has a quick ratio of 1.16, a current ratio of 1.51 and a debt-to-equity ratio of 163.00. The company has a market cap of C$3.46 billion, a price-to-earnings ratio of 34.60, a price-to-earnings-growth ratio of 1.10 and a beta of 0.98.

Premium Brands Company Profile

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.