TD Securities Cuts Premium Brands (TSE:PBH) Price Target to C$140.00

Premium Brands (TSE:PBH) had its price target cut by TD Securities from C$160.00 to C$140.00 in a research report sent to investors on Monday morning,BayStreet.CA reports. They currently have a buy rating on the stock.

Other equities analysts have also issued research reports about the company. Raymond James Financial decreased their price target on Premium Brands from C$125.00 to C$115.00 and set an “outperform” rating on the stock in a research note on Friday, March 20th. Scotiabank reduced their price objective on Premium Brands from C$120.00 to C$100.00 and set an “outperform” rating on the stock in a research note on Friday, March 20th. BMO Capital Markets decreased their target price on Premium Brands from C$125.00 to C$116.00 in a research report on Friday, March 20th. National Bank Financial dropped their target price on shares of Premium Brands from C$115.00 to C$108.00 and set a “sector perform” rating for the company in a report on Friday, March 20th. Finally, Desjardins set a C$120.00 price target on shares of Premium Brands and gave the company a “buy” rating in a research note on Friday, March 20th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price of C$115.60.

Premium Brands Stock Performance

TSE PBH opened at C$87.32 on Monday. The firm’s 50 day simple moving average is C$98.27 and its 200 day simple moving average is C$96.89. The firm has a market capitalization of C$4.54 billion, a price-to-earnings ratio of 97.02, a P/E/G ratio of 1.10 and a beta of 0.51. The company has a current ratio of 1.23, a quick ratio of 1.16 and a debt-to-equity ratio of 206.42. Premium Brands has a 1 year low of C$72.57 and a 1 year high of C$106.79.

Premium Brands (TSE:PBH) last announced its quarterly earnings data on Thursday, March 19th. The company reported C$1.29 EPS for the quarter. Premium Brands had a net margin of 0.54% and a return on equity of 2.38%. The business had revenue of C$1.90 billion during the quarter. As a group, research analysts expect that Premium Brands will post 6.039823 earnings per share for the current fiscal year.

Premium Brands Company Profile

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. The Specialty Foods segment consists of its specialty food manufacturing businesses, which contributes about two-thirds of the group revenue; the Premium Food Distribution segment consists of the company’s distribution and wholesale businesses; the Corporate segment includes the company’s head office activities along with its finance and information systems.