Premium Brands (TSE:PBH) Price Target Cut to C$101.00 by Analysts at Stifel Nicolaus

Premium Brands (TSE:PBH - Get Free Report) had its target price dropped by research analysts at Stifel Nicolaus from C$106.00 to C$101.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. Stifel Nicolaus' target price would indicate a potential upside of 30.66% from the company's previous close.

Other equities analysts also recently issued reports about the company. Royal Bank of Canada reduced their price objective on Premium Brands from C$101.00 to C$100.00 and set a "sector perform" rating for the company in a research report on Monday, August 12th. TD Securities reduced their price target on Premium Brands from C$129.00 to C$120.00 and set a "buy" rating for the company in a research report on Thursday. BMO Capital Markets lowered their price target on Premium Brands from C$111.00 to C$94.00 in a report on Thursday. Finally, National Bankshares upped their price objective on shares of Premium Brands from C$101.00 to C$109.00 and gave the stock a "sector perform" rating in a report on Thursday, October 24th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, Premium Brands currently has an average rating of "Moderate Buy" and a consensus price target of C$108.30.

Premium Brands Stock Performance

PBH traded down C$0.91 during trading hours on Thursday, hitting C$77.30. 118,929 shares of the stock were exchanged, compared to its average volume of 51,194. The stock has a market cap of C$3.43 billion, a price-to-earnings ratio of 30.43, a price-to-earnings-growth ratio of 1.10 and a beta of 0.98. The stock has a 50-day simple moving average of C$91.17 and a 200-day simple moving average of C$90.54. The company has a debt-to-equity ratio of 161.28, a current ratio of 1.56 and a quick ratio of 1.16. Premium Brands has a 12 month low of C$75.67 and a 12 month high of C$97.28.

Premium Brands (TSE:PBH - Get Free Report) last posted its earnings results on Wednesday, November 6th. The company reported C$1.11 EPS for the quarter, missing the consensus estimate 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 prior year, the business earned $1.27 EPS. Analysts anticipate that Premium Brands will post 6.039823 earnings per share for the current year.

Insider Activity

In other Premium Brands news, Senior Officer William Dion Kalutycz sold 7,000 shares of the firm's stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of C$86.30, for a total value of C$604,100.00. 2.01% of the stock is owned by company insiders.

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 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.

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