Premium Brands (TSE:PBH) Given New C$100.00 Price Target at BMO Capital Markets

Premium Brands (TSE:PBH) had its price objective raised by equities research analysts at BMO Capital Markets from C$94.00 to C$100.00 in a research report issued on Monday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. BMO Capital Markets’ price objective indicates a potential upside of 25.99% from the stock’s previous close.

A number of other equities analysts also recently weighed in on PBH. National Bankshares lowered their target price on shares of Premium Brands from C$99.00 to C$96.00 and set a “sector perform” rating on the stock in a report on Thursday, February 27th. Royal Bank of Canada boosted their price target on Premium Brands from C$96.00 to C$97.00 and gave the stock an “outperform” rating in a research report on Thursday. Finally, Raymond James set a C$100.00 price target on Premium Brands and gave the company an “outperform” rating in a research note on Thursday, December 19th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, Premium Brands currently has a consensus rating of “Moderate Buy” and a consensus price target of C$102.90.

Premium Brands Price Performance

Shares of TSE PBH traded up C$0.65 during trading on Monday, reaching C$79.37. The company had a trading volume of 161,622 shares, compared to its average volume of 86,984. The business’s 50 day moving average price is C$77.76 and its 200-day moving average price is C$82.94. Premium Brands has a 52 week low of C$74.00 and a 52 week high of C$97.10. The company has a debt-to-equity ratio of 163.00, a quick ratio of 1.16 and a current ratio of 1.51. The stock has a market cap of C$3.54 billion, a PE ratio of 35.33, a PEG 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.