Stifel Nicolaus Forecasts Strong Price Appreciation for Premium Brands (TSE:PBH) Stock

Key Points

• Stifel Nicolaus raised its price target on Premium Brands to C$117 (from C$112) and maintained a Buy rating, a target that implies about a 29.55% upside from the stock's current level.
• Shares traded at C$90.31 with a market cap of C$4.70B, sitting well below the consensus average price target of C$118.62; however the name carries a rich valuation (P/E of 100.34) and last quarter delivered C$0.83 EPS on C$2.05B revenue with a slim net margin of 0.54%.

Premium Brands (TSE:PBH - Get Free Report) had its price objective raised by Stifel Nicolaus from C$112.00 to C$117.00 in a note issued to investors on Friday,BayStreet.CA reports. The brokerage presently has a "buy" rating on the stock. Stifel Nicolaus' target price indicates a potential upside of 29.55% from the company's current price.

Several other equities research analysts also recently weighed in on PBH. Royal Bank Of Canada upped their price target on Premium Brands from C$129.00 to C$131.00 and gave the stock an "outperform" rating in a report on Friday. BMO Capital Markets lowered their price objective on Premium Brands from C$125.00 to C$116.00 in a research report on Friday, March 20th. Desjardins set a C$120.00 target price on shares of Premium Brands and gave the stock a "buy" rating in a research note on Friday, March 20th. Canadian Imperial Bank of Commerce lifted their price target on shares of Premium Brands from C$110.00 to C$115.00 in a research note on Friday. Finally, Ventum Financial set a C$124.00 price target on shares of Premium Brands and gave the stock a "buy" rating in a report on Wednesday, April 22nd. One research 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. Based on data from MarketBeat, Premium Brands currently has an average rating of "Buy" and an average price target of C$118.62.

Premium Brands Stock Up 2.0%

Premium Brands stock traded up C$1.73 during mid-day trading on Friday, reaching C$90.31. 192,757 shares of the company's stock were exchanged, compared to its average volume of 160,916. The company has a quick ratio of 1.16, a current ratio of 1.23 and a debt-to-equity ratio of 206.42. Premium Brands has a twelve month low of C$78.53 and a twelve month high of C$106.79. The company 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. The company has a fifty day moving average of C$89.14 and a 200-day moving average of C$94.85.

Premium Brands (TSE:PBH - Get Free Report) last posted its quarterly earnings results on Thursday, May 7th. The company reported C$0.83 EPS for the quarter. The business had revenue of C$2.05 billion during the quarter. Premium Brands had a net margin of 0.54% and a return on equity of 2.38%. Sell-side analysts expect that Premium Brands will post 6.039823 EPS for the current 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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