BMO Capital Markets Has Lowered Expectations for Premium Brands (TSE:PBH) Stock Price

Premium Brands (TSE:PBH) had its target price lowered by equities research analysts at BMO Capital Markets from C$111.00 to C$94.00 in a research report issued on Thursday,BayStreet.CA reports. BMO Capital Markets’ price target points to a potential upside of 21.60% from the company’s previous close.

Other research analysts have also issued research reports about the stock. TD Securities lifted their price objective on shares of Premium Brands from C$125.00 to C$129.00 and gave the stock a “buy” rating in a research note on Monday, August 12th. Royal Bank of Canada reduced their price target on shares of Premium Brands from C$101.00 to C$100.00 and set a “sector perform” rating on the stock in a research report on Monday, August 12th. Finally, National Bankshares upped their price objective on shares of Premium Brands from C$101.00 to C$109.00 and gave the company a “sector perform” rating in a research report on Thursday, October 24th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, Premium Brands presently has an average rating of “Moderate Buy” and a consensus price target of C$108.30.

Premium Brands Trading Down 1.2 %

Shares of Premium Brands stock traded down C$0.91 on Thursday, hitting C$77.30. 118,929 shares of the company’s stock traded hands, compared to its average volume of 51,194. Premium Brands has a one year low of C$75.67 and a one year high of C$97.28. The company has a debt-to-equity ratio of 161.28, a current ratio of 1.56 and a quick ratio of 1.16. The stock has a market capitalization of C$3.43 billion, a PE ratio of 30.43, a price-to-earnings-growth ratio of 1.10 and a beta of 0.98. The firm’s 50-day moving average price is C$91.17 and its two-hundred day moving average price is C$90.54.

Premium Brands (TSE:PBH) last released its earnings results on Wednesday, November 6th. The company reported C$1.11 earnings per share for the quarter, missing the consensus estimate of C$1.36 by C($0.25). Premium Brands had a net margin of 1.78% and a return on equity of 6.43%. During the same period last year, the business posted $1.27 earnings per share. On average, research analysts expect that Premium Brands will post 6.039823 EPS for the current fiscal year.

Insiders Place Their Bets

In other Premium Brands news, Senior Officer William Dion Kalutycz sold 7,000 shares of Premium Brands stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of C$86.30, for a total value of C$604,100.00. 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.