Premium Brands Holdings Co. (TSE:PBH) Receives C$111.60 Consensus Target Price from Analysts

Premium Brands Holdings Co. (TSE:PBH) has been assigned a consensus rating of “Moderate Buy” from the nine analysts that are presently covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is C$111.60.

A number of research analysts have issued reports on PBH shares. TD Securities reduced their target price on shares of Premium Brands from C$130.00 to C$120.00 and set a “buy” rating on the stock in a report on Monday, March 18th. Pi Financial reiterated a “buy” rating and set a C$112.00 price objective on shares of Premium Brands in a report on Tuesday, April 16th. Stifel Nicolaus cut their price objective on shares of Premium Brands from C$108.00 to C$104.00 and set a “buy” rating on the stock in a report on Monday, March 18th. Desjardins cut their price objective on shares of Premium Brands from C$110.00 to C$105.00 and set a “buy” rating on the stock in a report on Monday, March 18th. Finally, Royal Bank of Canada cut their price objective on shares of Premium Brands from C$103.00 to C$99.00 and set a “sector perform” rating on the stock in a report on Monday, March 18th.

Premium Brands Price Performance

Premium Brands stock opened at C$90.03 on Wednesday. Premium Brands has a 52 week low of C$84.66 and a 52 week high of C$113.60. The company has a quick ratio of 1.16, a current ratio of 2.08 and a debt-to-equity ratio of 149.12. The firm’s 50-day simple moving average is C$88.81 and its 200 day simple moving average is C$91.26. The firm has a market capitalization of C$4.00 billion, a PE ratio of 42.34, a P/E/G ratio of 1.10 and a beta of 1.01.

Premium Brands (TSE:PBH) last released its earnings results on Friday, March 15th. The company reported C$0.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$1.13 by C($0.28). The firm had revenue of C$1.55 billion during the quarter, compared to analysts’ expectations of C$1.61 billion. Premium Brands had a net margin of 1.50% and a return on equity of 5.26%. On average, equities research analysts predict that Premium Brands will post 4.8440524 EPS for the current fiscal year.

Premium Brands Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were issued a $0.85 dividend. This is a positive change from Premium Brands’s previous quarterly dividend of $0.77. The ex-dividend date was Wednesday, March 27th. This represents a $3.40 annualized dividend and a yield of 3.78%. Premium Brands’s dividend payout ratio (DPR) is presently 161.14%.

About Premium Brands

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.