Premium Brands (TSE:PBH) Given a C$127.00 Price Target by Ventum Capital Analysts

Premium Brands (TSE:PBH) has been given a C$127.00 price objective by equities research analysts at Ventum Capital in a research note issued on Wednesday, BayStreet reports. The firm presently has a “buy” rating on the stock. Ventum Capital’s target price points to a potential upside of 75.29% from the stock’s previous close.

Other research analysts have also recently issued reports about the stock. Stifel Nicolaus reduced their price target on shares of Premium Brands from C$117.00 to C$105.00 and set a “buy” rating on the stock in a research report on Friday, August 7th. ATB Cormark Capital Markets dropped their price objective on shares of Premium Brands from C$150.00 to C$130.00 and set an “outperform” rating for the company in a research report on Friday, August 7th. National Bank Financial dropped their price objective on shares of Premium Brands from C$108.00 to C$98.00 and set a “sector perform” rating for the company in a research report on Friday, August 7th. TD cut their target price on shares of Premium Brands from C$140.00 to C$130.00 and set a “buy” rating on the stock in a research note on Friday, August 7th. Finally, Canadian Imperial Bank of Commerce cut their target price on shares of Premium Brands from C$115.00 to C$100.00 and set a “strong-buy” rating on the stock in a research note on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company has an average rating of “Buy” and an average price target of C$116.19.

Premium Brands Trading Up 1.4%

Shares of TSE:PBH traded up C$0.99 during trading on Wednesday, reaching C$72.45. 110,698 shares of the stock were exchanged, compared to its average volume of 184,506. The company has a debt-to-equity ratio of 153.93, a quick ratio of 1.16 and a current ratio of 1.36. Premium Brands has a 12-month low of C$69.10 and a 12-month high of C$106.79. The firm has a market cap of C$3.77 billion, a price-to-earnings ratio of 44.18, a price-to-earnings-growth ratio of 1.10 and a beta of 0.84. The firm’s 50-day moving average price is C$75.78 and its 200 day moving average price is C$83.21.

Premium Brands (TSE:PBH) last posted its earnings results on Thursday, August 6th. The company reported C$1.53 earnings per share (EPS) for the quarter. Premium Brands had a net margin of 1.01% and a return on equity of 4.19%. The firm had revenue of C$2.38 billion during the quarter. On average, sell-side analysts anticipate that Premium Brands will post 6.04 earnings per share for the current fiscal year.

Premium Brands Company Profile

Premium Brands owns a broad range of leading specialty food manufacturing and differentiated food distribution businesses with operations across Canada and the United States.