Brokerages Set Premium Brands Holdings Co. (TSE:PBH) Price Target at C$103.11

Shares of Premium Brands Holdings Co. (TSE:PBH) have earned a consensus recommendation of “Moderate Buy” from the eight analysts that are currently covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is C$103.11.

Several equities research analysts have recently weighed in on the stock. CIBC lowered their target price on shares of Premium Brands from C$103.00 to C$90.00 in a report on Thursday, November 7th. TD Securities decreased their price objective 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. Royal Bank of Canada cut their target price on shares of Premium Brands from C$100.00 to C$96.00 in a research note on Thursday, November 7th. Stifel Nicolaus decreased their price target on Premium Brands from C$106.00 to C$101.00 in a research report on Thursday, November 7th. Finally, National Bankshares lifted their price objective on Premium Brands from C$101.00 to C$109.00 and gave the company a “sector perform” rating in a research report on Thursday, October 24th.

Premium Brands Stock Up 0.1 %

TSE PBH opened at C$79.08 on Monday. Premium Brands has a 1-year low of C$75.67 and a 1-year high of C$97.10. The company has a market capitalization of C$3.51 billion, a price-to-earnings ratio of 31.13, a PEG ratio of 1.10 and a beta of 0.98. The stock’s 50 day moving average is C$81.85 and its two-hundred day moving average is C$88.01. The company has a current ratio of 1.56, a quick ratio of 1.16 and a debt-to-equity ratio of 161.28.

Premium Brands (TSE:PBH) last announced its quarterly earnings results on Wednesday, November 6th. The company reported C$1.11 EPS for the quarter, missing the consensus estimate 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 period last year, the business posted $1.27 earnings per share. Equities analysts forecast that Premium Brands will post 6.039823 earnings per share for the current fiscal year.

Premium Brands Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be paid a $0.85 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $3.40 annualized dividend and a dividend yield of 4.30%. Premium Brands’s dividend payout ratio (DPR) is currently 133.86%.

Insider Transactions at Premium Brands

In other Premium Brands news, Director Johnny Ciampi acquired 2,000 shares of the business’s stock in a transaction that occurred on Friday, November 29th. The shares were acquired at an average cost of C$78.78 per share, for a total transaction of C$157,560.00. 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.