National Bankshares Increases Premium Brands (TSE:PBH) Price Target to C$109.00

Premium Brands (TSE:PBH - Get Free Report) had its target price hoisted by research analysts at National Bankshares from C$101.00 to C$109.00 in a research note issued to investors on Thursday, BayStreet.CA reports. The firm presently has a "sector perform" rating on the stock. National Bankshares' price target indicates a potential upside of 17.77% from the company's previous close.

PBH has been the topic of a number of other research reports. TD Securities upped their price target on shares of Premium Brands from C$125.00 to C$129.00 and gave the company a "buy" rating in a research report on Monday, August 12th. Royal Bank of Canada cut their target price on shares of Premium Brands from C$101.00 to C$100.00 and set a "sector perform" rating on the stock in a research note on Monday, August 12th. Finally, BMO Capital Markets decreased their target price on Premium Brands from C$115.00 to C$111.00 in a research report on Friday, August 9th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of C$113.10.

Premium Brands Price Performance

Shares of PBH traded up C$0.55 during trading hours on Thursday, hitting C$92.55. 49,225 shares of the company were exchanged, compared to its average volume of 48,774. The firm has a fifty day simple moving average of C$91.20 and a 200-day simple moving average of C$90.58. The company has a market capitalization of C$4.11 billion, a PE ratio of 36.44, a PEG ratio of 1.10 and a beta of 0.98. 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 one year low of C$84.66 and a one year high of C$97.28.

Premium Brands (TSE:PBH - Get Free Report) last released its quarterly earnings results on Thursday, August 8th. The company reported C$1.28 earnings per share for the quarter, missing analysts' consensus estimates of C$1.32 by C($0.04). The company had revenue of C$1.70 billion during the quarter, compared to analyst estimates of C$1.70 billion. Premium Brands had a net margin of 1.78% and a return on equity of 6.43%. As a group, sell-side analysts predict that Premium Brands will post 6.039823 earnings per share for the current year.

Insider Transactions at Premium Brands

In related news, Senior Officer William Dion Kalutycz sold 7,000 shares of the business'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. Company 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.