RBC Lowers Premium Brands Price Target to C$120.00

Royal Bank Of Canada (RBC) has reduced its price target for Premium Brands (TSE:PBH) from C$131.00 to C$120.00, according to a report on Friday, BayStreet.CA reports.

The brokerage maintains an 'outperform' rating on the stock and suggests that the new price target indicates a potential upside of 42.96% from the company's current price.

This is not the only change in price targets for Premium Brands; other research firms have also made adjustments. Scotia increased its price objective to C$110.00 with a 'sector outperform' rating, while Canadian Imperial Bank of Commerce reduced its target to C$100.00.