Premium Brands (TSE:PBH) Stock Price Expected to Rise, Ventum Capital Analyst Says

Key Points

• Ventum Capital raised its price target on Premium Brands from C$124 to C$128 and keeps a "Buy" rating, implying about a 41.73% upside from the prior close.
• Analyst consensus remains bullish (11 Buys, 1 Strong Buy, 1 Hold; consensus PT C$118.62) while the stock trades at C$90.31 — however, valuation and balance-sheet metrics show a high P/E (100.34) and a very high debt-to-equity ratio (206.42), with the latest quarter reporting C$0.83 EPS on C$2.05B revenue and a 0.54% net margin.

Premium Brands (TSE:PBH - Get Free Report) had its price target hoisted by equities research analysts at Ventum Capital from C$124.00 to C$128.00 in a research report issued on Friday,BayStreet.CA reports. The brokerage currently has a "buy" rating on the stock. Ventum Capital's price objective would suggest a potential upside of 41.73% from the company's previous close.

PBH has been the subject of a number of other reports. BMO Capital Markets decreased their price objective on Premium Brands from C$125.00 to C$116.00 in a report on Friday, March 20th. Ventum Financial set a C$124.00 price target on Premium Brands and gave the company a "buy" rating in a research report on Wednesday, April 22nd. Stifel Nicolaus increased their price target on Premium Brands from C$112.00 to C$117.00 and gave the company a "buy" rating in a research note on Friday. Raymond James Financial lowered their price objective on Premium Brands from C$125.00 to C$115.00 and set an "outperform" rating for the company in a research report on Friday, March 20th. Finally, TD Securities reduced their target price on Premium Brands from C$160.00 to C$140.00 and set a "buy" rating on the stock in a report on Monday, March 23rd. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Premium Brands presently has a consensus rating of "Buy" and a consensus price target of C$118.62.

Premium Brands Trading Up 2.0%

TSE PBH traded up C$1.73 during trading hours on Friday, reaching C$90.31. The company's stock had a trading volume of 192,757 shares, compared to its average volume of 160,916. The firm has a fifty day simple moving average of C$89.14 and a 200-day simple moving average of C$94.85. The company has a debt-to-equity ratio of 206.42, a current ratio of 1.23 and a quick ratio of 1.16. Premium Brands has a 52 week low of C$78.53 and a 52 week high of C$106.79. The stock has a market cap of C$4.70 billion, a P/E ratio of 100.34, a P/E/G ratio of 1.10 and a beta of 0.80.

Premium Brands (TSE:PBH - Get Free Report) last posted its earnings results on Thursday, May 7th. The company reported C$0.83 earnings per share for the quarter. The firm had revenue of C$2.05 billion for the quarter. Premium Brands had a net margin of 0.54% and a return on equity of 2.38%. Equities analysts forecast that Premium Brands will post 6.039823 earnings per share for the current fiscal year.

Premium Brands Company Profile

Premium Brands Holdings Corp is engaged in specialty food manufacturing, premium food distribution, and wholesale businesses with operations in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Quebec, Nevada, and Washington State. The company's business segments include Specialty Foods, Premium Food Distribution, and Corporate. The Specialty Foods segment consists of its specialty food manufacturing businesses, which contributes about two-thirds of the group revenue; the Premium Food Distribution segment consists of the company's distribution and wholesale businesses; the Corporate segment includes the company's head office activities along with its finance and information systems.

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