Cibc World Mkts Upgrades Premium Brands (TSE:PBH) to “Strong-Buy”

Cibc World Mkts upgraded shares of Premium Brands (TSE:PBH) from a hold rating to a strong-buy rating in a research report sent to investors on Monday morning,Zacks.com reports.

Other analysts also recently issued reports about the stock. Ventum Financial upped their target price on shares of Premium Brands from C$109.00 to C$120.00 and gave the stock a “buy” rating in a research report on Monday, March 24th. BMO Capital Markets boosted their price objective on shares of Premium Brands from C$94.00 to C$100.00 and gave the stock an “outperform” rating in a research note on Monday, March 24th. CIBC upgraded shares of Premium Brands from a “neutral” rating to an “outperform” rating and lifted their target price for the company from C$90.00 to C$95.00 in a report on Monday. Royal Bank of Canada boosted their price target on Premium Brands from C$96.00 to C$97.00 and gave the stock an “outperform” rating in a research report on Thursday, March 20th. Finally, National Bankshares reduced 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 research report on Thursday, February 27th. Two research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$103.40.

Premium Brands Trading Up 4.9 %

TSE PBH opened at C$76.59 on Monday. The firm has a market capitalization of C$3.41 billion, a PE ratio of 34.09, a P/E/G ratio of 1.10 and a beta of 0.98. The stock’s 50 day moving average is C$77.24 and its 200 day moving average is C$81.87. Premium Brands has a twelve month low of C$72.57 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.

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.