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Premium Brands (TSE:PBH) Stock Price Expected to Rise, National Bankshares Analyst Says

Premium Brands logo with Consumer Defensive background

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.
  • Want stock alerts on Premium Brands? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Premium Brands (TSE:PBH - Get Free Report) had its target price boosted by investment analysts at 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. National Bankshares' price objective suggests a potential upside of 11.37% from the stock's previous close.

Several other research firms also recently issued reports on PBH. Royal Bank Of Canada dropped their price target on 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 boosted their price target on Premium Brands from C$98.00 to C$108.00 and gave the company an "outperform" rating in a research note on Thursday. TD Securities lifted 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 research report on Friday, July 18th. Desjardins lifted their price target on shares of Premium Brands from C$93.00 to C$98.00 in a research note on Friday, May 9th. Finally, 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 note on Thursday. Two research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Buy" and an average target price of C$111.18.

Read Our Latest Stock Analysis on PBH

Premium Brands Stock Down 1.3%

PBH stock traded down C$1.17 during midday trading on Thursday, hitting 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 capitalization of C$4.04 billion, a P/E ratio of 40.37, a PEG ratio of 1.10 and a beta of 0.98. The firm has a 50-day simple moving average of C$83.59 and a 200-day simple moving average of C$80.06. The company has a quick ratio of 1.16, a current ratio of 1.51 and a debt-to-equity ratio of 163.00. Premium Brands has a 52-week low of C$72.57 and a 52-week high of C$97.10.

Insider Transactions at Premium Brands

In other news, Senior Officer William Dion Kalutycz sold 8,000 shares of Premium Brands stock in a transaction that occurred on Tuesday, May 27th. The stock was 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

(Get Free Report)

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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Analyst Recommendations for Premium Brands (TSE:PBH)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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