Premium Brands (TSE:PBH) Upgraded at CIBC

CIBC upgraded shares of Premium Brands (TSE:PBH) from a neutral rating to an outperform rating in a report released on Monday,BayStreet.CA reports. CIBC currently has C$95.00 price target on the stock, up from their prior price target of C$90.00.

Several other equities research analysts have also recently weighed in on PBH. BMO Capital Markets increased 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 report on Monday, March 24th. Raymond James set a C$100.00 price target on Premium Brands and gave the stock an “outperform” rating in a report on Thursday, December 19th. Scotiabank raised Premium Brands to a “hold” rating in a research note on Tuesday, April 1st. Desjardins decreased their target price on Premium Brands from C$95.00 to C$93.00 and set a “buy” rating for the company in a research note on Monday, March 24th. Finally, Ventum Financial boosted their price target on Premium Brands from C$109.00 to C$120.00 and gave the company a “buy” rating in a research note on Monday, March 24th. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of C$103.40.

Premium Brands Stock Performance

TSE:PBH opened at C$75.59 on Monday. The company has a debt-to-equity ratio of 163.00, a quick ratio of 1.16 and a current ratio of 1.51. Premium Brands has a fifty-two week low of C$74.00 and a fifty-two week high of C$97.10. The company has a 50 day simple moving average of C$77.59 and a two-hundred day simple moving average of C$82.22. The company has a market capitalization of C$3.37 billion, a PE ratio of 33.65, a P/E/G 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.