Royal Bank of Canada Cuts Premium Brands (PBH) Price Target to C$96.00

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Premium Brands (TSE:PBH) had its price objective decreased by Royal Bank of Canada from C$97.00 to C$96.00 in a research report released on Tuesday morning, BayStreet.CA reports.

Several other research analysts have also commented on the stock. Desjardins lowered shares of Premium Brands from a buy rating to a hold rating in a research note on Tuesday, February 12th. Industrial Alliance Securities reissued a buy rating and issued a C$95.00 price objective on shares of Premium Brands in a research note on Monday, January 28th. BMO Capital Markets lowered their price objective on shares of Premium Brands from C$92.00 to C$86.00 in a research note on Friday, March 15th. National Bank Financial reissued an outperform rating and issued a C$95.00 price objective on shares of Premium Brands in a research note on Friday, January 18th. Finally, CIBC lowered their price objective on shares of Premium Brands from C$82.00 to C$72.00 in a research note on Friday, March 15th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has an average rating of Buy and an average target price of C$91.57.

TSE PBH opened at C$78.08 on Tuesday. The company has a quick ratio of 0.84, a current ratio of 1.71 and a debt-to-equity ratio of 137.55. Premium Brands has a one year low of C$66.99 and a one year high of C$118.52. The company has a market capitalization of $2.65 billion and a PE ratio of 25.85.

Premium Brands (TSE:PBH) last posted its quarterly earnings data on Thursday, March 14th. The company reported C$0.82 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.78 by C$0.04. The business had revenue of C$843.90 million during the quarter, compared to analysts’ expectations of C$829.50 million. Equities research analysts anticipate that Premium Brands will post 4.97999995535348 earnings per share for the current year.

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 meat products and snacks, deli products, beef jerky and halal, sandwiches, pastries, specialty and gourmet products, salads and kettle products, entres, panini, wraps, subs, hamburgers, burgers, muffins, breads, and baking and sushi products.

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Analyst Recommendations for Premium Brands (TSE:PBH)

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