Premium Brands (TSE:PBH) Given New C$101.00 Price Target at National Bankshares

Key Points

• National Bankshares raised the target price for Premium Brands from C$99.00 to C$101.00, indicating an expected upside of 11.37% from the stock's previous close.
• Several analysts have varied ratings for Premium Brands, with the average rating being "Buy" and an average target price of C$111.18.
• Premium Brands stock recently traded down 1.3% to C$90.69, despite analysts' optimistic projections and recent price target increases from other research firms.

Premium Brands (TSE:PBH - Free Report) had its price target lifted by National Bankshares from C$99.00 to C$101.00 in a research note issued to investors on Thursday,BayStreet.CA reports. The firm currently has a sector perform rating on the stock.

Several other equities research analysts also recently issued reports on the stock. TD Securities lifted their price target on shares of Premium Brands from C$120.00 to C$140.00 and gave the stock a "buy" rating in a research note on Friday, July 18th. Scotiabank boosted their target price 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. Desjardins boosted their target price on shares of Premium Brands from C$93.00 to C$98.00 in a research report on Friday, May 9th. CIBC boosted their target price on shares of Premium Brands from C$98.00 to C$108.00 and gave the company an "outperform" rating in a research note on Thursday. Finally, Canaccord Genuity Group upped their price target on shares of Premium Brands from C$100.00 to C$118.00 in a research note on Thursday. Two research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of C$111.18.

Premium Brands Price Performance

PBH traded up C$1.08 on Thursday, hitting C$93.50. 118,687 shares of the company were exchanged, compared to its average volume of 98,162. Premium Brands has a fifty-two week low of C$72.57 and a fifty-two week high of C$97.10. The business's fifty day moving average is C$84.24 and its 200 day moving average is C$80.32. The firm has a market capitalization of C$4.17 billion, a P/E ratio of 41.62, 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.

Insiders Place Their Bets

In other news, Senior Officer William Dion Kalutycz sold 8,000 shares of Premium Brands 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.