Ventum Issues Pessimistic Forecast for Premium Brands (TSE:PBH) Stock Price

Key Points

• Ventum lowered Premium Brands’ price target from C$128 to C$127 but maintained its “buy” rating, implying approximately 51.3% upside from the stock’s C$83.94 price.
• Analyst sentiment remains favorable: 12 analysts rate the stock a Buy and one rates it Hold, producing a “Moderate Buy” consensus rating and an average price target of C$116.25.
• Premium Brands reported C$1.53 in quarterly earnings per share and C$2.38 billion in revenue, while shares remain near their one-year low and below both their 50-day and 200-day moving averages.

Premium Brands (TSE:PBH - Get Free Report) had its target price lowered by investment analysts at Ventum from C$128.00 to C$127.00 in a research note issued to investors on Friday,BayStreet.CA reports. The firm currently has a "buy" rating on the stock. Ventum's price target suggests a potential upside of 51.30% from the company's current price.

Several other analysts have also weighed in on the company. Royal Bank Of Canada decreased their price objective on Premium Brands from C$131.00 to C$120.00 and set an "outperform" rating on the stock in a report on Friday. Stifel Nicolaus set a C$117.00 target price on Premium Brands and gave the stock a "buy" rating in a research report on Monday, July 20th. Ventum Capital lifted their price target on shares of Premium Brands from C$124.00 to C$128.00 and gave the stock a "buy" rating in a research note on Friday, May 8th. Canaccord Genuity Group dropped their price objective on shares of Premium Brands from C$123.00 to C$117.00 in a research note on Friday. Finally, Ventum Financial set a C$124.00 target price on shares of Premium Brands and gave the company a "buy" rating in a research note on Wednesday, April 22nd. Twelve equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of C$116.25.

Premium Brands Stock Performance

Shares of TSE:PBH traded up C$2.65 on Friday, hitting C$83.94. 285,706 shares of the company were exchanged, compared to its average volume of 169,553. The company's 50 day moving average price is C$88.40 and its two-hundred day moving average price is C$90.89. Premium Brands has a one year low of C$80.24 and a one year high of C$106.79. The company has a debt-to-equity ratio of 163.05, a quick ratio of 1.16 and a current ratio of 1.28. The firm has a market capitalization of C$4.36 billion, a price-to-earnings ratio of 93.27, a PEG ratio of 1.10 and a beta of 0.90.

Premium Brands (TSE:PBH - Get Free Report) last released its earnings results on Thursday, August 6th. The company reported C$1.53 earnings per share for the quarter. Premium Brands had a net margin of 0.52% and a return on equity of 2.21%. The business had revenue of C$2.38 billion during the quarter. Research analysts expect that Premium Brands will post 6.039823 earnings per share 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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