Premium Brands (TSE:PBH) Given New C$131.00 Price Target at Royal Bank Of Canada

Key Points

• Royal Bank of Canada raised its price target on Premium Brands to C$131.00 (from C$129.00) and maintained an "outperform" rating, implying about a 45.06% upside from the current share price.
• Analyst consensus remains a Buy with an average target of C$118.62, though several firms (TD, Raymond James, Scotiabank) have recently trimmed their price targets while others (Ventum, Desjardins) still carry buy ratings.
• Shares traded at C$90.31 (up ~2%) with a market cap of C$4.7B, but the stock shows a high P/E of 100.34, thin net margin (0.54%) and a high debt-to-equity ratio (206.42), highlighting valuation and leverage considerations.

Premium Brands (TSE:PBH - Get Free Report) had its price target lifted by equities researchers at Royal Bank Of Canada from C$129.00 to C$131.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The brokerage presently has an "outperform" rating on the stock. Royal Bank Of Canada's price target indicates a potential upside of 45.06% from the company's current price.

A number of other equities research analysts have also commented on PBH. Ventum Financial set a C$124.00 price objective on shares of Premium Brands and gave the company a "buy" rating in a research note on Wednesday, April 22nd. TD Securities lowered their price objective on Premium Brands from C$160.00 to C$140.00 and set a "buy" rating for the company in a research report on Monday, March 23rd. Raymond James Financial cut their target price on Premium Brands from C$125.00 to C$115.00 and set an "outperform" rating on the stock in a research report on Friday, March 20th. Scotiabank lowered their target price on Premium Brands from C$120.00 to C$100.00 and set an "outperform" rating for the company in a report on Friday, March 20th. Finally, Desjardins set a C$120.00 price target on Premium Brands and gave the stock a "buy" rating in a report on Friday, March 20th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of C$118.62.

Premium Brands Trading Up 2.0%

Shares of TSE PBH traded up C$1.73 during trading on Friday, reaching C$90.31. The company had a trading volume of 192,757 shares, compared to its average volume of 160,916. The stock has a market cap of C$4.70 billion, a P/E ratio of 100.34, a PEG ratio of 1.10 and a beta of 0.80. The company's fifty day moving average price is C$89.14 and its 200-day moving average price is C$94.85. The company has a quick ratio of 1.16, a current ratio of 1.23 and a debt-to-equity ratio of 206.42. Premium Brands has a 12 month low of C$78.53 and a 12 month high of C$106.79.

Premium Brands (TSE:PBH - Get Free Report) last posted its quarterly earnings data on Thursday, May 7th. The company reported C$0.83 EPS for the quarter. Premium Brands had a return on equity of 2.38% and a net margin of 0.54%.The company had revenue of C$2.05 billion for the quarter. As a group, research analysts expect that Premium Brands will post 6.039823 earnings per share for the current year.

Premium Brands Company Profile

Premium Brands Holdings Corp is engaged in specialty food manufacturing, premium food distribution, and wholesale businesses with operations in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Quebec, Nevada, and Washington State. The company's business segments include Specialty Foods, Premium Food Distribution, and Corporate. The Specialty Foods segment consists of its specialty food manufacturing businesses, which contributes about two-thirds of the group revenue; the Premium Food Distribution segment consists of the company's distribution and wholesale businesses; the Corporate segment includes the company's head office activities along with its finance and information systems.

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