Ventum Financial Issues Positive Forecast for Premium Brands (TSE:PBH) Stock Price

Premium Brands (TSE:PBH) had its price objective hoisted by Ventum Financial from C$109.00 to C$120.00 in a report released on Monday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Ventum Financial’s price objective indicates a potential upside of 45.70% from the company’s previous close.

Other analysts also recently issued research reports about the company. Desjardins cut their price objective on Premium Brands from C$95.00 to C$93.00 and set a “buy” rating for the company in a report on Monday. National Bankshares cut their price target on shares of 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. BMO Capital Markets lifted 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. Royal Bank of Canada increased their target price on shares of Premium Brands from C$96.00 to C$97.00 and gave the company an “outperform” rating in a research note on Thursday, March 20th. Finally, Raymond James set a C$100.00 price target on shares of Premium Brands and gave the stock an “outperform” rating in a research report on Thursday, December 19th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$102.90.

Premium Brands Stock Up 4.0 %

Premium Brands stock opened at C$82.36 on Monday. Premium Brands has a 52 week low of C$74.00 and a 52 week high of C$97.10. The stock has a market cap of C$3.67 billion, a price-to-earnings ratio of 36.66, a PEG ratio of 1.10 and a beta of 0.98. The company’s 50-day moving average price is C$77.85 and its two-hundred day moving average price is C$82.85. The company has a current ratio of 1.51, a quick ratio of 1.16 and a debt-to-equity ratio of 163.00.

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.