Premium Brands (TSE:PBH – Get Free Report) had its target price lowered by stock analysts at Royal Bank of Canada from C$101.00 to C$100.00 in a research report issued to clients and investors on Monday, BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. Royal Bank of Canada’s target price suggests a potential upside of 15.70% from the company’s current price.
PBH has been the subject of a number of other reports. TD Securities upped their price target on Premium Brands from C$125.00 to C$129.00 and gave the company a “buy” rating in a research report on Monday. Stifel Nicolaus increased their target price on shares of Premium Brands from C$104.00 to C$106.00 and gave the stock a “buy” rating in a research note on Tuesday, May 14th. CIBC raised their price target on shares of Premium Brands from C$97.00 to C$103.00 and gave the company a “neutral” rating in a research report on Tuesday, May 14th. National Bankshares decreased their target price on Premium Brands from C$111.00 to C$101.00 in a research report on Friday. Finally, Desjardins upped their price objective on Premium Brands from C$105.00 to C$106.00 and gave the company a “buy” rating in a research note on Tuesday, May 14th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$112.30.
View Our Latest Analysis on PBH
Premium Brands Stock Performance
Premium Brands (TSE:PBH – Get Free Report) last posted its quarterly earnings data on Monday, May 13th. The company reported C$0.54 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.56 by C($0.02). Premium Brands had a return on equity of 5.37% and a net margin of 1.50%. The company had revenue of C$1.46 billion for the quarter, compared to analyst estimates of C$1.45 billion. On average, sell-side analysts forecast that Premium Brands will post 4.9137555 EPS for the current fiscal year.
Premium Brands Company Profile
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.
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