TD Securities Cuts Premium Brands (TSE:PBH) Price Target to C$120.00

Premium Brands (TSE:PBH - Get Free Report) had its price target dropped by equities research analysts at TD Securities from C$129.00 to C$120.00 in a report released on Thursday,BayStreet.CA reports. The firm presently has a "buy" rating on the stock. TD Securities' price target would suggest a potential upside of 55.24% from the stock's current price.

Several other brokerages have also issued reports on PBH. BMO Capital Markets dropped their target price on Premium Brands from C$111.00 to C$94.00 in a research report on Thursday. Royal Bank of Canada decreased their price objective on shares of Premium Brands from C$101.00 to C$100.00 and set a "sector perform" rating for the company in a report on Monday, August 12th. Finally, National Bankshares upped their target price on shares of Premium Brands from C$101.00 to C$109.00 and gave the stock a "sector perform" rating in a research note on Thursday, October 24th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, Premium Brands has an average rating of "Moderate Buy" and a consensus target price of C$108.30.

Premium Brands Price Performance

Shares of TSE:PBH traded down C$0.91 during midday trading on Thursday, reaching C$77.30. 118,929 shares of the company were exchanged, compared to its average volume of 51,194. The business's fifty day moving average is C$91.17 and its two-hundred day moving average is C$90.54. Premium Brands has a one year low of C$75.67 and a one year high of C$97.28. The stock has a market cap of C$3.43 billion, a PE ratio of 30.43, a price-to-earnings-growth ratio of 1.10 and a beta of 0.98. The company has a current ratio of 1.56, a quick ratio of 1.16 and a debt-to-equity ratio of 161.28.

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 analysts' consensus estimates 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 company earned $1.27 EPS. As a group, analysts predict that Premium Brands will post 6.039823 earnings per share for the current year.

Insider Transactions at Premium Brands

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

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.