National Bankshares Lowers Premium Brands (TSE:PBH) Price Target to C$96.00

Premium Brands (TSE:PBH) had its price target lowered by National Bankshares from C$99.00 to C$96.00 in a research report sent to investors on Thursday,BayStreet.CA reports. The brokerage currently has a sector perform rating on the stock.

Several other brokerages also recently weighed in on PBH. BMO Capital Markets dropped their target price on shares of Premium Brands from C$111.00 to C$94.00 in a report on Thursday, November 7th. Royal Bank of Canada cut their target price on Premium Brands from C$100.00 to C$96.00 in a research report on Thursday, November 7th. CIBC lowered their price target on Premium Brands from C$103.00 to C$90.00 in a report on Thursday, November 7th. Stifel Nicolaus cut their price objective on shares of Premium Brands from C$106.00 to C$101.00 in a report on Thursday, November 7th. Finally, Raymond James set a C$100.00 target price on shares of Premium Brands and gave the stock an “outperform” rating in a report on Thursday, December 19th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of C$101.67.

Premium Brands Price Performance

Shares of TSE:PBH opened at C$79.48 on Thursday. The company has a market capitalization of C$3.54 billion, a P/E ratio of 35.38, a P/E/G ratio of 1.10 and a beta of 0.98. Premium Brands has a 1-year low of C$74.00 and a 1-year high of C$97.10. The firm’s 50 day simple moving average is C$78.37 and its two-hundred day simple moving average is C$84.02. The company has a debt-to-equity ratio of 163.00, a current ratio of 1.51 and a quick ratio of 1.16.

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.