Premium Brands (PBH) PT Set at C$116.00 by CIBC

Premium Brands (TSE:PBH) received a C$116.00 price target from stock analysts at CIBC in a report issued on Thursday. The firm currently has an “outperform” rating on the stock. CIBC’s price objective points to a potential upside of 8.72% from the company’s previous close.

Other equities research analysts have also issued reports about the company. TD Securities upped their price target on Premium Brands from C$120.00 to C$125.00 and gave the company an “action list buy” rating in a research report on Thursday, November 23rd. Pi Financial upped their price target on Premium Brands from C$112.00 to C$115.00 and gave the company a “buy” rating in a research report on Thursday, November 23rd. National Bank Financial upped their price target on Premium Brands from C$110.00 to C$115.00 and gave the company an “outperform” rating in a research report on Thursday, November 23rd. Royal Bank of Canada dropped their price target on Premium Brands from C$115.00 to C$111.00 and set an “outperform” rating for the company in a research report on Wednesday, November 15th. Finally, BMO Capital Markets upgraded Premium Brands from a “market perform” rating to an “outperform” rating and upped their price target for the company from C$106.00 to C$107.00 in a research report on Wednesday, November 15th. Two investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of C$109.19.

Shares of Premium Brands (TSE:PBH) opened at C$106.70 on Thursday. The stock has a market capitalization of $3,210.00, a P/E ratio of 38.38 and a beta of 0.39. Premium Brands has a 52-week low of C$65.78 and a 52-week high of C$110.28.

Premium Brands (TSE:PBH) last posted its quarterly earnings results on Tuesday, November 14th. The company reported C$0.78 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.93 by C($0.15). Premium Brands had a net margin of 3.82% and a return on equity of 19.68%.

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About Premium Brands

Premium Brands Holdings Corp is a Canada-based company that, through its subsidiaries, owns a range of specialty food manufacturing and food distribution businesses. The Company’s segments include Specialty Foods and Premium Food Distribution. Its family of brands and businesses include Conte Foods, Larosa Foods, McSweeney’s, Direct Plus, OvenPride and Island City Baking.

Analyst Recommendations for Premium Brands (TSE:PBH)

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