Premium Brands (TSE:PBH) Rating Increased to Hold at Scotiabank

Scotiabank upgraded shares of Premium Brands (TSE:PBH - Free Report) to a hold rating in a report issued on Tuesday, April 1st,Zacks.com reports.

Other equities research analysts also recently issued reports about the company. Royal Bank of Canada increased their price target on Premium Brands from C$96.00 to C$97.00 and gave the stock an "outperform" rating in a report on Thursday, March 20th. National Bankshares reduced their price objective 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 report on Thursday, February 27th. Desjardins cut their target price on Premium Brands from C$95.00 to C$93.00 and set a "buy" rating for the company in a research note on Monday, March 24th. Ventum Financial lifted their price target on Premium Brands from C$109.00 to C$120.00 and gave the company a "buy" rating in a research note on Monday, March 24th. Finally, BMO Capital Markets increased their price target on shares of Premium Brands from C$94.00 to C$100.00 and gave the company an "outperform" rating in a report on Monday, March 24th. Two research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of C$103.40.

Premium Brands Stock Performance

PBH traded down C$0.18 during trading on Tuesday, hitting C$72.84. 22,864 shares of the stock were exchanged, compared to its average volume of 91,404. The company has a quick ratio of 1.16, a current ratio of 1.51 and a debt-to-equity ratio of 163.00. The firm has a market capitalization of C$3.25 billion, a P/E ratio of 32.43, a PEG ratio of 1.10 and a beta of 0.98. The stock has a fifty day moving average price of C$77.34 and a two-hundred day moving average price of C$82.03. Premium Brands has a 1-year low of C$72.57 and a 1-year high of C$97.10.

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.