Premium Brands (TSE:PBH) Price Target Raised to C$109.00

Premium Brands (TSE:PBH) had its target price raised by National Bankshares from C$101.00 to C$109.00 in a research note released on Thursday, BayStreet.CA reports. The brokerage currently has a sector perform rating on the stock.

A number of other equities research analysts have also recently weighed in on the company. BMO Capital Markets reduced their price objective on Premium Brands from C$115.00 to C$111.00 in a research note on Friday, August 9th. TD Securities increased their price target on shares of Premium Brands from C$125.00 to C$129.00 and gave the stock a “buy” rating in a research note on Monday, August 12th. Finally, Royal Bank of Canada reduced their target price on shares of Premium Brands from C$101.00 to C$100.00 and set a “sector perform” rating for the company in a report on Monday, August 12th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$113.10.

Premium Brands Stock Up 0.1 %

Shares of TSE:PBH opened at C$92.66 on Thursday. The company has a current ratio of 1.56, a quick ratio of 1.16 and a debt-to-equity ratio of 161.28. The firm has a 50 day simple moving average of C$91.31 and a 200-day simple moving average of C$90.61. The company has a market capitalization of C$4.12 billion, a PE ratio of 36.48, a P/E/G ratio of 1.10 and a beta of 0.98. Premium Brands has a twelve month low of C$84.66 and a twelve month high of C$97.28.

Premium Brands (TSE:PBH) last released its quarterly earnings data on Thursday, August 8th. The company reported C$1.28 earnings per share (EPS) for the quarter, missing the consensus estimate of C$1.32 by C($0.04). Premium Brands had a net margin of 1.78% and a return on equity of 6.43%. The company had revenue of C$1.70 billion during the quarter, compared to analyst estimates of C$1.70 billion. On average, equities analysts predict that Premium Brands will post 6.039823 EPS for the current fiscal year.

Premium Brands Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were issued a $0.85 dividend. The ex-dividend date was Monday, September 30th. This represents a $3.40 annualized dividend and a dividend yield of 3.67%. Premium Brands’s dividend payout ratio is currently 133.86%.

Insider Buying and Selling

In other Premium Brands news, Senior Officer William Dion Kalutycz sold 7,000 shares of the business’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of C$86.30, for a total transaction of C$604,100.00. 2.01% of the stock is currently owned by corporate insiders.

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.