Brokerages Set Premium Brands Holdings Co. (TSE:PBH) Target Price at C$108.30

Premium Brands Holdings Co. (TSE:PBH) has been given an average rating of “Moderate Buy” by the nine ratings firms that are currently covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is C$108.30.

A number of equities research analysts have issued reports on PBH shares. National Bankshares upped their target price on Premium Brands from C$101.00 to C$109.00 and gave the stock a “sector perform” rating in a research report on Thursday, October 24th. CIBC decreased their price objective on shares of Premium Brands from C$103.00 to C$90.00 in a report on Thursday, November 7th. TD Securities lowered their target price on shares of Premium Brands from C$129.00 to C$120.00 and set a “buy” rating on the stock in a research note on Thursday, November 7th. BMO Capital Markets cut their target price on shares of Premium Brands from C$111.00 to C$94.00 in a research report on Thursday, November 7th. Finally, Royal Bank of Canada lowered their price target on Premium Brands from C$100.00 to C$96.00 in a research report on Thursday, November 7th.

Premium Brands Price Performance

Shares of PBH opened at C$79.92 on Friday. The company has a debt-to-equity ratio of 161.28, a quick ratio of 1.16 and a current ratio of 1.56. The firm has a market cap of C$3.55 billion, a PE ratio of 31.46, a PEG ratio of 1.10 and a beta of 0.98. The firm’s 50 day moving average price is C$90.61 and its 200 day moving average price is C$90.43. Premium Brands has a twelve month low of C$75.67 and a twelve month high of C$97.28.

Premium Brands (TSE:PBH) last released its quarterly earnings results on Wednesday, November 6th. The company reported C$1.11 earnings per share 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 in the prior year, the company posted $1.27 EPS. As a group, research analysts expect that Premium Brands will post 6.039823 EPS for the current fiscal year.

Premium Brands Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be paid a dividend of $0.85 per share. The ex-dividend date is Tuesday, December 31st. This represents a $3.40 annualized dividend and a yield of 4.25%. Premium Brands’s dividend payout ratio is 133.86%.

Insider Buying and Selling at Premium Brands

In other Premium Brands news, Director Johnny Ciampi purchased 3,500 shares of the firm’s stock in a transaction on Friday, November 8th. The shares were purchased at an average price of C$77.02 per share, for a total transaction of C$269,570.00. In other news, Senior Officer William Dion Kalutycz sold 7,000 shares of the company’s stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of C$86.30, for a total value of C$604,100.00. Also, Director Johnny Ciampi bought 3,500 shares of the company’s stock in a transaction dated Friday, November 8th. The stock was bought at an average cost of C$77.02 per share, with a total value of C$269,570.00. Insiders own 2.01% of the company’s stock.

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.