Desjardins Has Lowered Expectations for Premium Brands (TSE:PBH) Stock Price

Premium Brands (TSE:PBH) had its price target cut by stock analysts at Desjardins from C$95.00 to C$93.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Desjardins’ price objective indicates a potential upside of 17.17% from the stock’s current price.

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

Premium Brands Price Performance

TSE PBH traded up C$0.65 during trading hours on Monday, reaching C$79.37. The company’s stock had a trading volume of 161,622 shares, compared to its average volume of 86,984. Premium Brands has a fifty-two week low of C$74.00 and a fifty-two week high of C$97.10. The stock has a market cap of C$3.54 billion, a PE ratio of 35.33, a PEG ratio of 1.10 and a beta of 0.98. The company has a debt-to-equity ratio of 163.00, a quick ratio of 1.16 and a current ratio of 1.51. The company’s 50-day moving average is C$77.76 and its two-hundred day moving average is C$82.94.

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.