Premium Brands Holdings Co. (TSE:PBH) Receives C$103.11 Consensus Target Price from Analysts

Shares of Premium Brands Holdings Co. (TSE:PBH) have been assigned a consensus recommendation of “Moderate Buy” from the eight research firms that are presently covering the company, MarketBeat reports. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is C$103.11.

PBH has been the topic of a number of research reports. TD Securities decreased their price target 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 decreased their target price on Premium Brands from C$111.00 to C$94.00 in a research report on Thursday, November 7th. Stifel Nicolaus dropped their price target on Premium Brands from C$106.00 to C$101.00 in a research report on Thursday, November 7th. CIBC decreased their price objective on Premium Brands from C$103.00 to C$90.00 in a report on Thursday, November 7th. Finally, Royal Bank of Canada dropped their target price on shares of Premium Brands from C$100.00 to C$96.00 in a report on Thursday, November 7th.

Premium Brands Stock Up 0.2 %

Shares of PBH opened at C$80.43 on Friday. The firm has a market cap of C$3.57 billion, a P/E ratio of 31.67, a PEG ratio of 1.10 and a beta of 0.98. Premium Brands has a 12 month low of C$75.67 and a 12 month high of C$97.10. The stock’s 50 day moving average is C$79.65 and its two-hundred day moving average is C$86.65. 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 issued 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 return on equity of 6.43% and a net margin of 1.78%. During the same quarter in the previous year, the business posted $1.27 earnings per share. Analysts predict that Premium Brands will post 6.039823 earnings per share for the current fiscal year.

Premium Brands Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were given a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a dividend yield of 4.23%. The ex-dividend date of this dividend was Tuesday, December 31st. Premium Brands’s dividend payout ratio is presently 133.86%.

Insider Activity at Premium Brands

In other Premium Brands news, Director Johnny Ciampi bought 3,500 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The shares were purchased at an average price of C$77.02 per share, with a total value of C$269,570.00. 2.01% of the stock is 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.