Desjardins Issues Pessimistic Forecast for Premium Brands (TSE:PBH) Stock Price

Premium Brands (TSE:PBH) had its price target lowered by Desjardins from C$95.00 to C$93.00 in a research note published on Monday morning,BayStreet.CA reports. The firm currently has a buy rating on the stock.

Several other equities research analysts have also weighed in on the company. Raymond James set a C$100.00 price objective on Premium Brands and gave the company an “outperform” rating in a research note on Thursday, December 19th. Royal Bank of Canada increased their price objective on Premium Brands from C$96.00 to C$97.00 and gave the stock an “outperform” rating in a research note on Thursday, March 20th. National Bankshares cut their price objective on Premium Brands from C$99.00 to C$96.00 and set a “sector perform” rating for the company in a report on Thursday, February 27th. Finally, BMO Capital Markets upped their target price on shares of Premium Brands from C$94.00 to C$100.00 and gave the stock an “outperform” rating in a report on Monday. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Premium Brands currently has an average rating of “Moderate Buy” and an average price target of C$102.90.

Premium Brands Stock Performance

TSE PBH opened at C$79.22 on Monday. Premium Brands has a twelve month low of C$74.00 and a twelve month high of C$97.10. 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 stock has a market cap of C$3.53 billion, a P/E ratio of 35.27, a PEG ratio of 1.10 and a beta of 0.98. The company’s 50-day simple moving average is C$77.77 and its 200 day simple moving average is C$82.88.

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.