Premium Brands (TSE:PBH) Upgraded at Raymond James

Premium Brands (TSE:PBH) was upgraded by investment analysts at Raymond James to a “moderate buy” rating in a research note issued to investors on Wednesday,Zacks.com reports.

A number of other research firms have also issued reports on PBH. TD Securities lowered their price target on Premium Brands from C$129.00 to C$120.00 and set a “buy” rating on the stock in a report on Thursday, November 7th. Stifel Nicolaus dropped their target price on Premium Brands from C$106.00 to C$101.00 in a report on Thursday, November 7th. CIBC decreased their price target on Premium Brands from C$103.00 to C$90.00 in a report on Thursday, November 7th. BMO Capital Markets dropped their price objective on shares of Premium Brands from C$111.00 to C$94.00 in a research note on Thursday, November 7th. Finally, Royal Bank of Canada reduced their target price on shares of Premium Brands from C$100.00 to C$96.00 in a research note on Thursday, November 7th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$103.11.

Premium Brands Trading Up 0.6 %

TSE:PBH opened at C$78.89 on Wednesday. The company has a quick ratio of 1.16, a current ratio of 1.56 and a debt-to-equity ratio of 161.28. Premium Brands has a 52-week low of C$75.67 and a 52-week high of C$97.10. The stock’s 50 day moving average price is C$84.58 and its 200 day moving average price is C$88.67. The company has a market capitalization of C$3.50 billion, a PE ratio of 31.06, a P/E/G ratio of 1.10 and a beta of 0.98.

Premium Brands (TSE:PBH) last announced its earnings results on Wednesday, November 6th. The company reported C$1.11 EPS for the quarter, missing analysts’ consensus estimates 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 firm earned $1.27 earnings per share. On average, research analysts anticipate that Premium Brands will post 6.039823 EPS for the current year.

Insider Buying and Selling

In other news, Director Johnny Ciampi purchased 3,500 shares of the company’s stock in a transaction dated Friday, November 8th. The stock was acquired at an average price of C$77.02 per share, for a total transaction of C$269,570.00. 2.01% of the stock is 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.