Premium Brands (TSE:PBH) Stock Price Expected to Rise, Raymond James Financial Analyst Says

Premium Brands (TSE:PBH) had its price objective increased by equities researchers at Raymond James Financial from C$115.00 to C$125.00 in a report issued on Thursday,BayStreet.CA reports. Raymond James Financial’s target price suggests a potential upside of 23.68% from the company’s current price.

PBH has been the subject of several other reports. TD Securities boosted their price objective on shares of Premium Brands from C$145.00 to C$160.00 in a research report on Thursday. Stifel Nicolaus boosted their price target on Premium Brands from C$106.00 to C$111.00 in a report on Thursday. Scotiabank upgraded Premium Brands from a “sector perform” rating to an “outperform” rating and upped their price objective for the stock from C$99.00 to C$120.00 in a research report on Thursday. BMO Capital Markets lifted their target price on Premium Brands from C$109.00 to C$111.00 in a research report on Tuesday, November 11th. Finally, CIBC boosted their target price on Premium Brands from C$108.00 to C$115.00 in a research note on Tuesday, November 11th. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Buy” and an average target price of C$120.09.

Premium Brands Stock Performance

Shares of PBH stock traded up C$1.63 on Thursday, hitting C$101.07. The company’s stock had a trading volume of 179,975 shares, compared to its average volume of 108,066. 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 company has a market capitalization of C$4.51 billion, a PE ratio of 68.76, a PEG ratio of 1.10 and a beta of 0.38. Premium Brands has a fifty-two week low of C$72.57 and a fifty-two week high of C$103.89. The stock’s 50 day moving average is C$95.40 and its 200-day moving average is C$90.95.

Premium Brands (TSE:PBH) last released its earnings results on Monday, November 10th. The company reported C$1.27 earnings per share (EPS) for the quarter. The company had revenue of C$1.99 billion for the quarter. Premium Brands had a return on equity of 5.66% and a net margin of 1.55%. Equities research analysts expect that Premium Brands will post 6.039823 earnings per share for the current fiscal year.

About Premium Brands

Premium Brands Holdings Corp is engaged in specialty food manufacturing, premium food distribution, and wholesale businesses with operations in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Quebec, Nevada, and Washington State. The company’s business segments include Specialty Foods, Premium Food Distribution, and Corporate.