Premium Brands (TSE:PBH) Stock Price Expected to Rise, Canaccord Genuity Group Analyst Says

Key Points

• Canaccord Genuity Group has increased the price target for Premium Brands (TSE:PBH) from C$100.00 to C$118.00, suggesting a potential upside of 30.11%.
• The consensus rating for the stock is currently "Buy", with a consensus price target of C$111.18.
• Senior Officer William Dion Kalutycz recently sold 8,000 shares of the stock at an average price of C$81.57, totaling approximately C$652,575.20.

Premium Brands (TSE:PBH - Get Free Report) had its price objective upped by analysts at Canaccord Genuity Group from C$100.00 to C$118.00 in a research report issued on Thursday,BayStreet.CA reports. Canaccord Genuity Group's target price would indicate a potential upside of 30.11% from the stock's current price.

Several other research analysts also recently weighed in on the company. Desjardins increased their price target on Premium Brands from C$93.00 to C$98.00 in a research note on Friday, May 9th. TD Securities lifted their price target on shares of 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. Royal Bank Of Canada lowered their price objective 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 note on Tuesday, May 6th. CIBC dropped their price objective on shares of Premium Brands from C$98.00 to C$95.00 and set an "outperform" rating for the company in a report on Thursday, May 8th. Finally, National Bankshares raised their price target on Premium Brands from C$97.00 to C$99.00 and gave the stock a "sector perform" rating in a research note on Wednesday, July 30th. Two research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of C$111.18.

Premium Brands Stock Performance

PBH traded down C$1.17 during trading hours on Thursday, reaching C$90.69. The company's stock had a trading volume of 85,998 shares, compared to its average volume of 97,757. The firm has a market cap of C$4.04 billion, a PE ratio of 40.37, a price-to-earnings-growth ratio of 1.10 and a beta of 0.98. The company has a debt-to-equity ratio of 163.00, a quick ratio of 1.16 and a current ratio of 1.51. Premium Brands has a 52 week low of C$72.57 and a 52 week high of C$97.10. The company's 50-day moving average is C$83.59 and its 200-day moving average is C$80.06.

Insider Buying and Selling at Premium Brands

In related news, Senior Officer William Dion Kalutycz sold 8,000 shares of the stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of C$81.57, for a total transaction of C$652,575.20. 2.01% of the stock is owned by corporate 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.

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