Premium Brands (TSE:PBH) Given New C$120.00 Price Target at Ventum Financial

Premium Brands (TSE:PBH - Get Free Report) had its target price raised by stock analysts at Ventum Financial from C$109.00 to C$120.00 in a report released on Monday,BayStreet.CA reports. The firm currently has a "buy" rating on the stock. Ventum Financial's price target indicates a potential upside of 53.26% from the company's current price.

Other equities analysts have also issued research reports about the stock. Royal Bank of Canada raised their price objective on shares of Premium Brands from C$96.00 to C$97.00 and gave the stock an "outperform" rating in a research note on Thursday, March 20th. National Bankshares dropped their price target on Premium Brands from C$99.00 to C$96.00 and set a "sector perform" rating on the stock in a research report on Thursday, February 27th. Desjardins decreased their target price on shares of Premium Brands from C$95.00 to C$93.00 and set a "buy" rating for the company in a research note on Monday. Raymond James set a C$100.00 price objective on Premium Brands and gave the stock an "outperform" rating in a report on Thursday, December 19th. Finally, BMO Capital Markets boosted their target price on Premium Brands from C$94.00 to C$100.00 and gave the company an "outperform" rating in a research note on Monday. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, Premium Brands has a consensus rating of "Moderate Buy" and an average price target of C$102.90.

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Premium Brands Trading Down 0.6 %

PBH stock traded down C$0.51 during mid-day trading on Monday, reaching C$78.30. 70,435 shares of the stock traded hands, compared to its average volume of 90,024. Premium Brands has a 52-week low of C$74.00 and a 52-week high of C$97.10. The stock's fifty day moving average is C$77.89 and its 200-day moving average is C$82.77. The company has a market cap of C$3.49 billion, a P/E ratio of 34.86, a P/E/G ratio of 1.10 and a beta of 0.98. The company has a current ratio of 1.51, a quick ratio of 1.16 and a debt-to-equity ratio of 163.00.

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.