Premium Brands (TSE:PBH - Get Free Report) had its target price increased by Royal Bank of Canada from C$96.00 to C$97.00 in a research report issued on Thursday,BayStreet.CA reports. The firm presently has an "outperform" rating on the stock. Royal Bank of Canada's target price suggests a potential upside of 22.35% from the stock's previous close.
PBH has been the subject of a number of other reports. National Bankshares dropped their target price on Premium Brands from C$99.00 to C$96.00 and set a "sector perform" rating for the company in a report on Thursday, February 27th. Raymond James set a C$100.00 price objective on Premium Brands and gave the company an "outperform" rating in a report on Thursday, December 19th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of C$101.78.
Check Out Our Latest Report on Premium Brands
Premium Brands Price Performance
TSE PBH traded up C$0.56 on Thursday, reaching C$79.28. The company's stock had a trading volume of 158,654 shares, compared to its average volume of 86,932. Premium Brands has a 52 week low of C$74.00 and a 52 week high of C$97.10. 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 firm has a market cap of C$3.53 billion, a PE ratio of 35.29, a price-to-earnings-growth ratio of 1.10 and a beta of 0.98. The business has a 50-day moving average price of C$77.76 and a 200 day moving average price of C$82.94.
Premium Brands Company Profile
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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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