Premium Brands (TSE:PBH) Given a C$100.00 Price Target at Raymond James

Premium Brands (TSE:PBH - Get Free Report) has been assigned a C$100.00 price target by Raymond James in a report issued on Thursday,BayStreet.CA reports. The brokerage currently has an "outperform" rating on the stock. Raymond James' price target would indicate a potential upside of 26.76% from the company's previous close.

PBH has been the topic of a number of other research reports. National Bankshares boosted their target price on shares of Premium Brands from C$101.00 to C$109.00 and gave the company a "sector perform" rating in a report on Thursday, October 24th. TD Securities dropped their price objective on Premium Brands from C$129.00 to C$120.00 and set a "buy" rating on the stock in a report on Thursday, November 7th. Royal Bank of Canada reduced their target price on Premium Brands from C$100.00 to C$96.00 in a report on Thursday, November 7th. BMO Capital Markets reduced their price objective on shares of Premium Brands from C$111.00 to C$94.00 in a research note on Thursday, November 7th. Finally, CIBC lowered their target price on shares of Premium Brands from C$103.00 to C$90.00 in a research note on Thursday, November 7th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of C$103.11.

Premium Brands Stock Performance

Shares of PBH stock traded up C$0.49 during trading hours on Thursday, hitting C$78.89. 117,247 shares of the company were exchanged, compared to its average volume of 61,926. Premium Brands has a 52-week low of C$75.67 and a 52-week high of C$97.10. The company has a current ratio of 1.56, a quick ratio of 1.16 and a debt-to-equity ratio of 161.28. The firm has a fifty day simple moving average of C$84.87 and a 200 day simple moving average of C$88.74. The stock has a market capitalization of C$3.50 billion, a price-to-earnings ratio of 31.06, a P/E/G ratio of 1.10 and a beta of 0.98.

Premium Brands (TSE:PBH - Get Free Report) last issued its quarterly earnings results on Wednesday, November 6th. The company reported C$1.11 EPS for the quarter, missing analysts' consensus estimates of C$1.36 by C($0.25). Premium Brands had a net margin of 1.78% and a return on equity of 6.43%. During the same period in the previous year, the firm posted $1.27 EPS. Research analysts predict that Premium Brands will post 6.039823 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Johnny Ciampi purchased 2,000 shares of Premium Brands stock in a transaction that occurred on Friday, November 29th. The shares were acquired at an average cost of C$78.78 per share, for a total transaction of C$157,560.00. 2.01% of the stock is currently owned by corporate insiders.

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.