Premium Brands (TSE:PBH) PT Set at C$127.00 by Ventum Capital

Key Points

• Ventum Capital set a C$127.00 price target on Premium Brands and maintained a “buy” rating, implying 75.29% upside from the prior close.
• Analyst sentiment remains positive, with the stock holding an overall “Buy” rating and an average price target of C$116.19, despite several firms recently lowering their targets.
• Premium Brands shares closed at C$72.45, near their one-year low of C$69.10. The company reported quarterly revenue of C$2.38 billion and EPS of C$1.53.

Premium Brands (TSE:PBH - Get Free Report) has been given a C$127.00 target price by investment analysts at Ventum Capital in a research note issued on Wednesday, BayStreet reports. The brokerage currently has a "buy" rating on the stock. Ventum Capital's price target indicates a potential upside of 75.29% from the company's previous close.

A number of other equities research analysts have also recently weighed in on the company. Stifel Nicolaus lowered their price target on Premium Brands from C$117.00 to C$105.00 and set a "buy" rating on the stock in a report on Friday, August 7th. Canaccord Genuity Group decreased their target price on Premium Brands from C$123.00 to C$117.00 in a research report on Friday, August 7th. Canadian Imperial Bank of Commerce lowered their target price on Premium Brands from C$115.00 to C$100.00 and set a "strong-buy" rating on the stock in a report on Friday, August 7th. BMO Capital Markets reduced their price target on shares of Premium Brands from C$118.00 to C$111.00 in a report on Friday, August 7th. Finally, TD lowered their target price on Premium Brands from C$140.00 to C$130.00 and set a "buy" rating on the stock in a report on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of "Buy" and an average price target of C$116.19.

Premium Brands Stock Performance

Shares of Premium Brands stock traded up C$0.99 on Wednesday, reaching C$72.45. 110,698 shares of the stock were exchanged, compared to its average volume of 184,506. Premium Brands has a 1-year low of C$69.10 and a 1-year high of C$106.79. The business has a fifty day moving average price of C$75.78 and a two-hundred day moving average price of C$83.21. The firm has a market capitalization of C$3.77 billion, a PE ratio of 44.18, a PEG ratio of 1.10 and a beta of 0.84. The company has a current ratio of 1.36, a quick ratio of 1.16 and a debt-to-equity ratio of 153.93.

Premium Brands (TSE:PBH - Get Free Report) last issued its earnings results on Thursday, August 6th. The company reported C$1.53 earnings per share (EPS) for the quarter. Premium Brands had a return on equity of 4.19% and a net margin of 1.01%. The business had revenue of C$2.38 billion during the quarter. As a group, research analysts anticipate that Premium Brands will post 6.04 earnings per share for the current fiscal year.

About Premium Brands

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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