Premium Brands (TSE:PBH) Price Target Lowered to C$96.00 at National Bankshares

Premium Brands (TSE:PBH - Free Report) had its price objective cut by National Bankshares from C$99.00 to C$96.00 in a research report report published on Thursday morning,BayStreet.CA reports. They currently have a sector perform rating on the stock.

A number of other analysts have also recently commented on PBH. BMO Capital Markets cut their target price on shares of Premium Brands from C$111.00 to C$94.00 in a research note on Thursday, November 7th. Stifel Nicolaus lowered their price target on shares of Premium Brands from C$106.00 to C$101.00 in a research report on Thursday, November 7th. Royal Bank of Canada lowered their price target on shares of Premium Brands from C$100.00 to C$96.00 in a research report on Thursday, November 7th. TD Securities lowered their price target on shares of Premium Brands from C$129.00 to C$120.00 and set a "buy" rating on the stock in a research report on Thursday, November 7th. Finally, Raymond James set a C$100.00 price target on shares of Premium Brands and gave the stock an "outperform" rating in a research report on Thursday, December 19th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of C$101.67.

Premium Brands Price Performance

Shares of PBH stock traded down C$1.13 on Thursday, reaching C$76.59. 75,455 shares of the company were exchanged, compared to its average volume of 67,496. The company has a market cap of C$3.41 billion, a price-to-earnings ratio of 34.09, a P/E/G ratio of 1.10 and a beta of 0.98. The business has a 50-day moving average price of C$78.35 and a 200 day moving average price of C$83.92. 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 1 year low of C$74.00 and a 1 year high of C$97.10.

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.