Premium Brands (TSE:PBH) Raised to "Strong-Buy" at Cibc World Mkts

Cibc World Mkts upgraded shares of Premium Brands (TSE:PBH - Free Report) from a hold rating to a strong-buy rating in a research report sent to investors on Monday, April 7th,Zacks.com reports.

A number of other equities analysts also recently weighed in on the stock. Scotiabank raised shares of Premium Brands to a "hold" rating in a research note on Tuesday, April 1st. National Bankshares decreased 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 note on Thursday, February 27th. CIBC raised shares of Premium Brands from a "neutral" rating to an "outperform" rating and raised their target price for the company from C$90.00 to C$95.00 in a research note on Monday, April 7th. Ventum Financial increased their price target on Premium Brands from C$109.00 to C$120.00 and gave the company a "buy" rating in a report on Monday, March 24th. Finally, Raymond James set a C$100.00 price objective on Premium Brands and gave the stock an "outperform" rating in a research note on Thursday, December 19th. Two equities 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 company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of C$103.40.

Premium Brands Trading Up 2.6 %

Premium Brands stock traded up C$1.94 during trading on Monday, hitting C$77.00. The company's stock had a trading volume of 22,998 shares, compared to its average volume of 91,243. The stock's fifty day moving average is C$77.16 and its 200 day moving average is C$81.50. The company has a debt-to-equity ratio of 163.00, a quick ratio of 1.16 and a current ratio of 1.51. Premium Brands has a 1-year low of C$72.57 and a 1-year high of C$97.10. The stock has a market capitalization of C$3.43 billion, a price-to-earnings ratio of 34.28, a P/E/G ratio of 1.10 and a beta of 0.98.

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.