National Bankshares Cuts Premium Brands (TSE:PBH) Price Target to C$96.00

Premium Brands (TSE:PBH) had its target price dropped by equities researchers at National Bankshares from C$99.00 to C$96.00 in a research note issued on Thursday,BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock. National Bankshares’ target price would suggest a potential upside of 20.91% from the company’s previous close.

Several other research firms also recently commented on PBH. Royal Bank of Canada cut their price objective on shares of Premium Brands from C$100.00 to C$96.00 in a report on Thursday, November 7th. BMO Capital Markets reduced their price target on Premium Brands from C$111.00 to C$94.00 in a research report on Thursday, November 7th. Stifel Nicolaus dropped their price objective on Premium Brands from C$106.00 to C$101.00 in a report on Thursday, November 7th. Raymond James set a C$100.00 target price on Premium Brands and gave the stock an “outperform” rating in a research note on Thursday, December 19th. Finally, TD Securities decreased their price target on Premium Brands from C$129.00 to C$120.00 and set a “buy” rating on the stock in a research report on Thursday, November 7th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of C$101.67.

Premium Brands Stock Performance

Shares of PBH stock traded down C$0.54 on Thursday, hitting C$79.40. 75,819 shares of the stock were exchanged, compared to its average volume of 65,579. Premium Brands has a one year low of C$74.00 and a one year high of C$97.10. The firm’s 50 day moving average is C$78.36 and its two-hundred day moving average is C$84.05. The firm has a market capitalization of C$3.54 billion, a PE ratio of 35.35, a P/E/G ratio of 1.10 and a beta of 0.98. The company has a current ratio of 1.51, a quick ratio of 1.16 and a debt-to-equity ratio of 163.00.

Insider Activity at Premium Brands

In related news, Director Johnny Ciampi bought 2,000 shares of the stock in a transaction dated Friday, November 29th. The stock was bought at an average price of C$78.78 per share, with a total value of C$157,560.00. 2.01% of the stock is owned by insiders.

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.