National Bank Financial Issues Pessimistic Forecast for Premium Brands (TSE:PBH) Stock Price

Key Points

• National Bank Financial lowered Premium Brands’ price target from C$98 to C$93 while maintaining a “sector perform” rating, implying 27.12% upside from the prior close.
• Other analysts also reduced their targets, but overall sentiment remains positive: Premium Brands has a consensus “Buy” rating and an average price target of C$115.88.
• Shares fell to C$73.16, near the lower end of their 52-week range, while the company reported quarterly EPS of C$1.53 on C$2.38 billion in revenue.

Premium Brands (TSE:PBH - Get Free Report) had its price objective dropped by equities researchers at National Bank Financial from C$98.00 to C$93.00 in a report released on Friday, BayStreet reports. The firm currently has a "sector perform" rating on the stock. National Bank Financial's price target points to a potential upside of 27.12% from the stock's previous close.

Several other research firms have also issued reports on PBH. Royal Bank Of Canada lowered their price target on shares of Premium Brands from C$131.00 to C$120.00 and set an "outperform" rating on the stock in a research report on Friday, August 7th. ATB Cormark Capital Markets cut their price objective on shares of Premium Brands from C$150.00 to C$130.00 and set an "outperform" rating for the company in a report on Friday, August 7th. Ventum reduced their price objective on shares of Premium Brands from C$128.00 to C$127.00 and set a "buy" rating for the company in a research note on Friday, August 7th. Ventum Capital set a C$127.00 target price on Premium Brands and gave the stock a "buy" rating in a research report on Wednesday. Finally, TD cut their price target on Premium Brands from C$140.00 to C$130.00 and set a "buy" rating for the company in a report on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of C$115.88.

Premium Brands Stock Performance

Shares of TSE PBH traded down C$1.33 during trading on Friday, reaching C$73.16. 148,468 shares of the stock traded hands, compared to its average volume of 184,485. The company has a debt-to-equity ratio of 153.93, a current ratio of 1.36 and a quick ratio of 1.16. The stock has a market capitalization of C$3.80 billion, a P/E ratio of 44.61, a price-to-earnings-growth ratio of 1.10 and a beta of 0.84. Premium Brands has a 52-week low of C$69.10 and a 52-week high of C$106.79. The company has a 50-day moving average of C$75.40 and a 200-day moving average of C$83.08.

Premium Brands (TSE:PBH - Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The company reported C$1.53 EPS for the quarter. The business had revenue of C$2.38 billion for the quarter. Premium Brands had a net margin of 1.01% and a return on equity of 4.19%. Analysts forecast that Premium Brands will post 6.04 EPS for the current fiscal year.

Premium Brands Company Profile

Premium Brands owns a broad range of leading specialty food manufacturing and differentiated food distribution businesses with operations across Canada and the United States.

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