Premium Brands (PBH) Price Target Cut to C$86.00 by Analysts at BMO Capital Markets

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Premium Brands (TSE:PBH) had its price objective lowered by BMO Capital Markets from C$92.00 to C$86.00 in a report issued on Friday. BMO Capital Markets’ price target indicates a potential upside of 17.01% from the company’s previous close.

PBH has been the subject of several other reports. CIBC lowered Premium Brands from an “outperform” rating to a “neutral” rating and lowered their target price for the company from C$126.00 to C$82.00 in a report on Monday, November 19th. Desjardins lowered Premium Brands from a “buy” rating to a “hold” rating in a report on Tuesday, February 12th. National Bank Financial reissued an “outperform” rating and issued a C$95.00 price objective on shares of Premium Brands in a report on Friday, January 18th. Industrial Alliance Securities reissued a “buy” rating and issued a C$95.00 price objective on shares of Premium Brands in a report on Monday, January 28th. Finally, TD Securities decreased their price objective on Premium Brands from C$95.00 to C$94.00 and set a “buy” rating for the company in a report on Friday. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Premium Brands currently has an average rating of “Buy” and an average target price of C$94.75.

Shares of TSE:PBH traded up C$2.74 during trading on Friday, hitting C$73.50. 136,864 shares of the company traded hands, compared to its average volume of 124,794. The firm has a market capitalization of $2.40 billion and a PE ratio of 23.91. Premium Brands has a one year low of C$66.99 and a one year high of C$122.77. The company has a current ratio of 1.92, a quick ratio of 0.95 and a debt-to-equity ratio of 136.58.

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 through two segments, Specialty Foods and Premium Food Distribution. The company provides premium and natural processed meat products, specialty deli products, meat snacks, beef jerky and halal, sandwiches, pastries, specialty and gourmet products, salads and kettle, entres, panini, wraps, subs, hamburgers, burgers, muffins, breads, specialty pastas, and sushi products.

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Analyst Recommendations for Premium Brands (TSE:PBH)

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