Premium Brands (TSE:PBH) Price Target Lowered to C$90.00 at CIBC

Premium Brands (TSE:PBH) had its price objective reduced by CIBC from C$103.00 to C$90.00 in a research report issued on Thursday,BayStreet.CA reports. CIBC’s price target would suggest a potential upside of 16.43% from the company’s current price.

A number of other equities analysts have also recently issued reports on PBH. National Bankshares increased their target price on Premium Brands from C$101.00 to C$109.00 and gave the stock a “sector perform” rating in a report on Thursday, October 24th. Stifel Nicolaus cut their price objective on Premium Brands from C$106.00 to C$101.00 in a report on Thursday. Royal Bank of Canada lowered their target price on shares of Premium Brands from C$100.00 to C$96.00 in a report on Thursday. TD Securities dropped their target price on shares of Premium Brands from C$129.00 to C$120.00 and set a “buy” rating for the company in a research report on Thursday. Finally, BMO Capital Markets reduced their price target on shares of Premium Brands from C$111.00 to C$94.00 in a research report on Thursday. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of C$108.30.

Premium Brands Stock Performance

Shares of TSE PBH traded down C$0.91 during trading hours on Thursday, reaching C$77.30. The stock had a trading volume of 118,929 shares, compared to its average volume of 51,194. Premium Brands has a twelve month low of C$75.67 and a twelve month 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 business’s fifty day moving average is C$91.17 and its two-hundred day moving average is C$90.54. The company has a market cap of C$3.43 billion, a price-to-earnings ratio of 30.43, a PEG ratio of 1.10 and a beta of 0.98.

Premium Brands (TSE:PBH) last issued 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 quarter last year, the business earned $1.27 EPS. As a group, research analysts expect that Premium Brands will post 6.039823 EPS for the current year.

Insider Activity

In related news, Senior Officer William Dion Kalutycz sold 7,000 shares of Premium Brands stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of C$86.30, for a total value of C$604,100.00. 2.01% of the stock is currently owned by insiders.

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.