BMO Capital Markets Forecasts Strong Price Appreciation for Premium Brands (TSE:PBH) Stock

Premium Brands (TSE:PBH - Get Free Report) had its price target upped by equities research analysts at BMO Capital Markets from C$94.00 to C$100.00 in a research note issued to investors on Monday,BayStreet.CA reports. The brokerage currently has an "outperform" rating on the stock. BMO Capital Markets' target price indicates a potential upside of 27.71% from the company's previous close.

A number of other brokerages have also recently commented on PBH. Raymond James set a C$100.00 target price on shares of Premium Brands and gave the company an "outperform" rating in a report on Thursday, December 19th. National Bankshares decreased their target price on shares of Premium Brands from C$99.00 to C$96.00 and set a "sector perform" rating for the company in a research note on Thursday, February 27th. Finally, Royal Bank of Canada boosted their price target on Premium Brands from C$96.00 to C$97.00 and gave the company an "outperform" rating in a research report on Thursday, March 20th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of C$102.90.

Premium Brands Stock Down 0.6 %

TSE:PBH traded down C$0.51 during trading hours on Monday, hitting C$78.30. The company's stock had a trading volume of 70,435 shares, compared to its average volume of 90,024. The stock has a market capitalization of C$3.49 billion, a P/E ratio of 34.86, a price-to-earnings-growth ratio of 1.10 and a beta of 0.98. The company has a current ratio of 1.51, a quick ratio of 1.16 and a debt-to-equity ratio of 163.00. The stock has a fifty day moving average of C$77.89 and a 200-day moving average of C$82.77. Premium Brands has a 52-week low of C$74.00 and a 52-week high of C$97.10.

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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.