Premium Brands (TSE:PBH) Price Target Raised to C$118.00 at Canaccord Genuity Group

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 - Free Report) had its price objective increased by Canaccord Genuity Group from C$100.00 to C$118.00 in a research report report published on Thursday morning,BayStreet.CA reports.

A number of other analysts have also recently weighed in on the stock. Royal Bank Of Canada dropped 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 report on Tuesday, May 6th. TD Securities raised their target price on shares of Premium Brands from C$120.00 to C$140.00 and gave the stock a "buy" rating in a report on Friday, July 18th. Scotiabank increased their price target on shares of Premium Brands from C$91.00 to C$100.00 and gave the stock a "sector perform" rating in a research report on Thursday. CIBC cut their price objective on shares of Premium Brands from C$98.00 to C$95.00 and set an "outperform" rating on the stock in a research report on Thursday, May 8th. Finally, Desjardins lifted their price target on shares of Premium Brands from C$93.00 to C$98.00 in a research report on Friday, May 9th. Two equities research analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Buy" and an average target price of C$111.18.

Premium Brands Stock Up 1.2%

PBH traded up C$1.08 during trading on Thursday, hitting C$93.50. The company had a trading volume of 118,687 shares, compared to its average volume of 98,162. The company has a market cap of C$4.17 billion, a PE ratio of 41.62, a P/E/G ratio of 1.10 and a beta of 0.98. The business has a 50-day moving average of C$84.24 and a 200-day moving average of C$80.32. The company has a debt-to-equity ratio of 163.00, a current ratio of 1.51 and a quick ratio of 1.16. Premium Brands has a 1-year low of C$72.57 and a 1-year high of C$97.10.

Insider Transactions at Premium Brands

In other 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. 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.