TD Securities Issues Positive Forecast for Premium Brands (TSE:PBH) Stock Price

Premium Brands (TSE:PBH - Free Report) had its target price raised by TD Securities from C$120.00 to C$140.00 in a research note issued to investors on Friday,BayStreet.CA reports. TD Securities currently has a buy rating on the stock.

PBH has been the subject of several other reports. BMO Capital Markets boosted their price objective on Premium Brands from C$94.00 to C$100.00 and gave the company an "outperform" rating in a report on Monday, March 24th. Cibc World Mkts raised Premium Brands from a "hold" rating to a "strong-buy" rating in a report on Monday, April 7th. Scotiabank upped their target price on Premium Brands from C$88.00 to C$91.00 and gave the company a "sector perform" rating in a report on Thursday, May 8th. Desjardins upped their target price on Premium Brands from C$93.00 to C$98.00 in a report on Friday, May 9th. Finally, National Bankshares upped their target price on Premium Brands from C$96.00 to C$97.00 and gave the company a "sector perform" rating in a report on Thursday, May 8th. Three equities research analysts have rated the stock with a hold rating, five have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Premium Brands has an average rating of "Moderate Buy" and an average target price of C$103.90.

Premium Brands Stock Up 2.6%

Shares of PBH traded up C$2.27 during midday trading on Friday, reaching C$90.51. 190,167 shares of the company were exchanged, compared to its average volume of 98,510. The stock has a 50-day moving average price of C$81.82 and a 200-day moving average price of C$79.19. The company has a market cap of C$4.03 billion, a price-to-earnings ratio of 40.29, a P/E/G ratio of 1.10 and a beta of 0.98. Premium Brands has a 1-year low of C$72.57 and a 1-year high of C$97.10. The company has a current ratio of 1.51, a quick ratio of 1.16 and a debt-to-equity ratio of 163.00.

Insider Activity

In other news, Senior Officer William Dion Kalutycz sold 8,000 shares of the company's stock in a transaction 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. 2.01% of the stock is owned by insiders.

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.