Desjardins Cuts Premium Brands (TSE:PBH) Price Target to C$93.00

Premium Brands (TSE:PBH) had its price target lowered by Desjardins from C$95.00 to C$93.00 in a research report released on Monday,BayStreet.CA reports. The firm currently has a buy rating on the stock.

A number of other equities analysts have also recently issued reports on PBH. BMO Capital Markets increased their price target on Premium Brands from C$94.00 to C$100.00 and gave the stock an “outperform” rating in a report on Monday. Royal Bank of Canada boosted their target price on shares of Premium Brands from C$96.00 to C$97.00 and gave the company an “outperform” rating in a research report on Thursday, March 20th. Raymond James set a C$100.00 price target on shares of Premium Brands and gave the stock an “outperform” rating in a report on Thursday, December 19th. Finally, National Bankshares dropped their price objective on shares of Premium Brands from C$99.00 to C$96.00 and set a “sector perform” rating on the stock in a report on Thursday, February 27th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of C$102.90.

Premium Brands Price Performance

PBH stock opened at C$79.34 on Monday. The company has a quick ratio of 1.16, a current ratio of 1.51 and a debt-to-equity ratio of 163.00. The company’s fifty day simple moving average is C$77.87 and its 200 day simple moving average is C$82.80. Premium Brands has a 12-month low of C$74.00 and a 12-month high of C$97.10. The firm has a market cap of C$3.54 billion, a price-to-earnings ratio of 35.32, a PEG ratio of 1.10 and a beta of 0.98.

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.