Premium Brands (TSE:PBH) PT Raised to C$145.00 at TD Securities

Premium Brands (TSE:PBH) had its price objective lifted by stock analysts at TD Securities from C$140.00 to C$145.00 in a research note issued on Thursday, May 3rd. The firm presently has an “action list buy” rating on the stock. TD Securities’ price objective would suggest a potential upside of 22.79% from the company’s previous close.

A number of other brokerages have also weighed in on PBH. Scotiabank boosted their price objective on Premium Brands from C$98.50 to C$110.00 and gave the stock a “sector perform” rating in a research report on Wednesday, April 11th. Royal Bank of Canada boosted their price objective on Premium Brands from C$119.00 to C$133.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 11th. BMO Capital Markets boosted their price objective on Premium Brands from C$118.00 to C$134.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 11th. CIBC boosted their price objective on Premium Brands from C$116.00 to C$128.00 in a research report on Wednesday, April 11th. Finally, National Bank Financial boosted their price objective on Premium Brands from C$115.00 to C$125.00 and gave the stock an “outperform” rating in a research report on Friday, March 16th. One equities research analyst has rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of C$132.14.

Premium Brands stock opened at C$118.09 on Thursday. Premium Brands has a 52 week low of C$88.69 and a 52 week high of C$122.77.

Premium Brands (TSE:PBH) last posted its quarterly earnings results on Thursday, March 15th. The company reported C$0.61 EPS for the quarter, missing analysts’ consensus estimates of C$0.86 by C($0.25). Premium Brands had a return on equity of 19.68% and a net margin of 3.82%. The business had revenue of C$585.40 million for the quarter, compared to analyst estimates of C$611.90 million.

In other Premium Brands news, Director Stephen Sposari sold 5,800 shares of the company’s stock in a transaction dated Monday, March 19th. The stock was sold at an average price of C$110.77, for a total value of C$642,466.00. Also, Director John Stephen Beliveau sold 5,000 shares of the company’s stock in a transaction dated Thursday, May 17th. The shares were sold at an average price of C$119.52, for a total value of C$597,600.00.

About Premium Brands

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.

Analyst Recommendations for Premium Brands (TSE:PBH)

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