Premium Brands (TSE:PBH) Price Target Raised to C$103.00

Key Points

• Desjardins has increased its price target for Premium Brands (TSE:PBH) from C$98.00 to C$103.00, indicating a potential upside of 13.57% from the previous close.
• Multiple brokerages have also raised their price targets for the stock, with Canaccord Genuity elevating it to C$118.00 and TD Securities raising it to C$140.00, both maintaining a buy rating.
• Premium Brands shares recently traded down 1.3% to C$90.69, amid a market cap of C$4.04 billion and various financial metrics reflecting a stable company position.

Premium Brands (TSE:PBH - Free Report) had its target price boosted by Desjardins from C$98.00 to C$103.00 in a report published on Thursday,BayStreet.CA reports. They currently have a buy rating on the stock. Desjardins also issued estimates for Premium Brands' Q3 2025 earnings at $1.45 EPS, Q4 2025 earnings at $1.46 EPS, FY2025 earnings at $4.92 EPS and FY2026 earnings at $6.04 EPS.

A number of other brokerages also recently weighed in on PBH. TD Securities boosted their price target on Premium Brands from C$120.00 to C$140.00 and gave the stock a "buy" rating in a research report on Friday, July 18th. CIBC raised their target price on Premium Brands from C$98.00 to C$108.00 and gave the stock an "outperform" rating in a research report on Thursday. Canaccord Genuity Group raised their target price on Premium Brands from C$100.00 to C$118.00 in a research note on Thursday. Scotiabank lifted their target price on shares of Premium Brands from C$91.00 to C$100.00 and gave the stock a "sector perform" rating in a research report on Thursday. Finally, National Bankshares lifted their price target on shares of Premium Brands from C$99.00 to C$101.00 and gave the stock a "sector perform" rating in a report on Thursday. Two investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, Premium Brands presently has a consensus rating of "Buy" and a consensus price target of C$111.18.

Premium Brands Price Performance

Shares of Premium Brands stock traded up C$1.08 during midday trading on Thursday, hitting C$93.50. 118,687 shares of the company were exchanged, compared to its average volume of 98,162. The firm has a 50 day simple moving average of C$84.24 and a 200-day simple moving average of C$80.32. Premium Brands has a 52 week low of C$72.57 and a 52 week high of C$97.10. The firm has a market cap of C$4.17 billion, a P/E ratio of 41.62, a PEG ratio of 1.10 and a beta of 0.98. The company has a debt-to-equity ratio of 163.00, a current ratio of 1.51 and a quick ratio of 1.16.

Insider Activity

In other news, Senior Officer William Dion Kalutycz sold 8,000 shares of the business's stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of C$81.57, for a total value of C$652,575.20. 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.