Premium Brands (TSE:PBH) Price Target Raised to C$108.00

Key Points

• CIBC analysts raised the price target for Premium Brands from C$98.00 to C$108.00, indicating a potential upside of 19.09% from the current price.
• Premium Brands shares recently traded down by 1.3% to C$90.69, with a market capitalization of C$4.04 billion.
• The company has a broad range of food products and operates in two segments, Specialty Foods and Premium Food Distribution.

Premium Brands (TSE:PBH - Get Free Report) had its price target boosted by analysts at CIBC from C$98.00 to C$108.00 in a research note issued to investors on Thursday,BayStreet.CA reports. The brokerage currently has an "outperform" rating on the stock. CIBC's price target would suggest a potential upside of 19.09% from the company's current price.

A number of other research firms also recently weighed in on PBH. Scotiabank boosted their target price on Premium Brands from C$91.00 to C$100.00 and gave the stock a "sector perform" rating in a research report on Thursday. Royal Bank Of Canada dropped their price target on shares of Premium Brands from C$98.00 to C$97.00 and set a "sector perform" rating on the stock in a research report on Tuesday, May 6th. Desjardins boosted their price target on Premium Brands from C$93.00 to C$98.00 in a research note on Friday, May 9th. National Bankshares upped their price target on Premium Brands from C$97.00 to C$99.00 and gave the company a "sector perform" rating in a research report on Wednesday, July 30th. Finally, 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 report on Friday, July 18th. Two analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, Premium Brands has an average rating of "Buy" and an average price target of C$111.18.

Premium Brands Trading Down 1.3%

Shares of Premium Brands stock traded down C$1.17 on Thursday, reaching C$90.69. 85,998 shares of the company were exchanged, compared to its average volume of 97,757. The company has a current ratio of 1.51, a quick ratio of 1.16 and a debt-to-equity ratio of 163.00. The firm has a market capitalization of C$4.04 billion, a price-to-earnings ratio of 40.37, a price-to-earnings-growth ratio of 1.10 and a beta of 0.98. Premium Brands has a fifty-two week low of C$72.57 and a fifty-two week high of C$97.10. The stock has a fifty day moving average price of C$83.59 and a 200-day moving average price of C$80.06.

Insiders Place Their Bets

In related news, Senior Officer William Dion Kalutycz sold 8,000 shares of the firm's 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. 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.

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