Raymond James Financial Forecasts Strong Price Appreciation for Premium Brands (TSE:PBH) Stock

Key Points

• Raymond James Financial has raised its price target for Premium Brands from C$100.00 to C$115.00, indicating a potential upside of 26.81% from the current price.
• Multiple investment firms, including BMO Capital Markets and TD Securities, have also increased their price targets, reflecting a generally positive outlook for the stock with an average rating of "Buy."
• Despite recent upgrades, Premium Brands' stock fell by 1.3%, closing at C$90.69, with ongoing concerns regarding its debt-to-equity ratio of 163.00.

Premium Brands (TSE:PBH - Free Report) had its price target boosted by Raymond James Financial from C$100.00 to C$115.00 in a research report released on Thursday,BayStreet.CA reports. Raymond James Financial currently has an outperform rating on the stock. Raymond James Financial also issued estimates for Premium Brands' Q4 2025 earnings at $1.53 EPS, FY2025 earnings at $4.97 EPS and FY2026 earnings at $6.62 EPS.

A number of other brokerages have also issued reports on PBH. CIBC boosted their target price on shares of Premium Brands from C$98.00 to C$108.00 and gave the company an "outperform" rating in a research note on Thursday. TD Securities raised their target price on Premium Brands from C$120.00 to C$140.00 and gave the company a "buy" rating in a research report on Friday, July 18th. Canaccord Genuity Group boosted their target price on Premium Brands from C$100.00 to C$118.00 in a report on Thursday. National Bankshares boosted their target price on Premium Brands from C$99.00 to C$101.00 and gave the stock a "sector perform" rating in a research note on Thursday. Finally, Royal Bank Of Canada upgraded shares of Premium Brands from a "sector perform" rating to an "outperform" rating and increased their target price for the stock from C$100.00 to C$108.00 in a research note on Thursday. Two equities research analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, Premium Brands currently has a consensus rating of "Buy" and an average price target of C$111.18.

Premium Brands Price Performance

Shares of Premium Brands stock traded up C$1.08 during trading hours on Thursday, hitting C$93.50. The company's stock had a trading volume of 118,687 shares, compared to its average volume of 98,162. Premium Brands has a 12-month low of C$72.57 and a 12-month high of C$97.10. The company has a debt-to-equity ratio of 163.00, a quick ratio of 1.16 and a current ratio of 1.51. The business has a 50 day moving average price of C$84.24 and a two-hundred day moving average price of C$80.32. The company has a market cap of C$4.17 billion, a PE ratio of 41.62, a PEG ratio of 1.10 and a beta of 0.98.

Insider Buying and Selling

In other Premium Brands news, Senior Officer William Dion Kalutycz sold 8,000 shares of Premium Brands stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of C$81.57, for a total value of C$652,575.20. Insiders own 2.01% of the company's stock.

Premium Brands Company Profile

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.