BMO Capital Markets Forecasts Strong Price Appreciation for Premium Brands (TSE:PBH) Stock

Premium Brands (TSE:PBH) had its price objective lifted by stock analysts at BMO Capital Markets from C$94.00 to C$100.00 in a report released on Monday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. BMO Capital Markets’ price objective points to a potential upside of 21.42% from the company’s previous close.

A number of other research analysts have also commented on PBH. National Bankshares cut their price target 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. Royal Bank of Canada lifted their price objective on Premium Brands from C$96.00 to C$97.00 and gave the stock an “outperform” rating in a report on Thursday, March 20th. Finally, Raymond James set a C$100.00 price objective on shares of 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 given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$102.90.

Premium Brands Stock Performance

Shares of PBH opened at C$82.36 on Monday. 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 firm has a market cap of C$3.67 billion, a price-to-earnings ratio of 36.66, a price-to-earnings-growth ratio of 1.10 and a beta of 0.98. The company’s fifty day moving average is C$77.85 and its 200-day moving average is C$82.85. Premium Brands has a 12 month low of C$74.00 and a 12 month high of C$97.10.

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.