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

Premium Brands Holdings Co. (TSE:PBH) has been given an average recommendation of “Moderate Buy” by the eight brokerages that are currently covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is C$103.11.

Several research firms recently commented on PBH. Stifel Nicolaus reduced their price objective on Premium Brands from C$106.00 to C$101.00 in a research note on Thursday, November 7th. Raymond James set a C$100.00 target price on shares of Premium Brands and gave the company an “outperform” rating in a research report on Thursday, December 19th. TD Securities lowered 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 report on Thursday, November 7th. BMO Capital Markets cut their price objective on shares of Premium Brands from C$111.00 to C$94.00 in a report on Thursday, November 7th. Finally, National Bankshares boosted their target price on Premium Brands from C$101.00 to C$109.00 and gave the stock a “sector perform” rating in a report on Thursday, October 24th.

Insider Activity

In related news, Director Johnny Ciampi bought 3,500 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The stock was purchased at an average price of C$77.02 per share, for a total transaction of C$269,570.00. Corporate insiders own 2.01% of the company’s stock.

Premium Brands Stock Up 1.2 %

Shares of PBH opened at C$81.27 on Monday. 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 market cap of C$3.61 billion, a P/E ratio of 32.00, a PEG ratio of 1.10 and a beta of 0.98. The stock’s 50 day moving average is C$81.34 and its two-hundred day moving average is C$87.91. Premium Brands has a 12 month low of C$75.67 and a 12 month high of C$97.10.

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 Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a $0.85 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $3.40 dividend on an annualized basis and a yield of 4.18%. Premium Brands’s dividend payout ratio is currently 133.86%.

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.