Premium Brands (TSE:PBH) Price Target Cut to C$93.00 by Analysts at Desjardins

Premium Brands (TSE:PBH - Free Report) had its price objective trimmed by Desjardins from C$95.00 to C$93.00 in a report released on Monday morning,BayStreet.CA reports. The firm currently has a buy rating on the stock.

A number of other equities analysts have also issued reports on the company. BMO Capital Markets upped their target price on Premium Brands from C$94.00 to C$100.00 and gave the company an "outperform" rating in a research report on Monday. Raymond James set a C$100.00 price objective on shares of Premium Brands and gave the stock an "outperform" rating in a report on Thursday, December 19th. Royal Bank of Canada lifted their price target on Premium Brands from C$96.00 to C$97.00 and gave the stock an "outperform" rating in a research note on Thursday, March 20th. Finally, National Bankshares cut their price objective on Premium Brands from C$99.00 to C$96.00 and set a "sector perform" rating on the stock in a research note on Thursday, February 27th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of C$102.90.

Premium Brands Stock Down 0.6 %

Shares of TSE:PBH traded down C$0.51 during mid-day trading on Monday, hitting C$78.30. 70,435 shares of the company traded hands, compared to its average volume of 90,024. The company has a debt-to-equity ratio of 163.00, a quick ratio of 1.16 and a current ratio of 1.51. Premium Brands has a 52-week low of C$74.00 and a 52-week high of C$97.10. The firm's 50 day simple moving average is C$77.89 and its 200 day simple moving average is C$82.77. The firm has a market cap of C$3.49 billion, a P/E ratio of 34.86, a PEG ratio of 1.10 and a beta of 0.98.

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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.