TD Securities Increases Premium Brands (TSE:PBH) Price Target to C$129.00

Premium Brands (TSE:PBH) had its target price boosted by TD Securities from C$125.00 to C$129.00 in a research note issued to investors on Monday morning, BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

Several other analysts have also recently weighed in on PBH. National Bankshares lowered their price target on Premium Brands from C$111.00 to C$101.00 in a report on Friday, August 9th. Pi Financial reissued a buy rating and issued a C$112.00 target price on shares of Premium Brands in a research note on Tuesday, April 16th. BMO Capital Markets cut their price objective on Premium Brands from C$115.00 to C$111.00 in a report on Friday, August 9th. Stifel Nicolaus raised their price objective on Premium Brands from C$104.00 to C$106.00 and gave the company a buy rating in a report on Tuesday, May 14th. Finally, Desjardins raised their price objective on Premium Brands from C$105.00 to C$106.00 and gave the company a buy rating in a report on Tuesday, May 14th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of Moderate Buy and a consensus price target of C$112.30.

Premium Brands Stock Down 0.1 %

PBH opened at C$87.15 on Monday. The company has a 50 day moving average of C$91.37 and a 200 day moving average of C$90.31. The company has a market cap of C$3.87 billion, a PE ratio of 40.92, a price-to-earnings-growth ratio of 1.10 and a beta of 1.00. Premium Brands has a 12 month low of C$84.66 and a 12 month high of C$105.33. The company has a current ratio of 2.02, a quick ratio of 1.16 and a debt-to-equity ratio of 159.19.

Premium Brands (TSE:PBH) last released its quarterly earnings data on Thursday, August 8th. The company reported C$1.28 EPS for the quarter, missing the consensus estimate of C$1.32 by C($0.04). The business had revenue of C$1.70 billion during the quarter, compared to the consensus estimate of C$1.70 billion. Premium Brands had a return on equity of 5.37% and a net margin of 1.50%. On average, sell-side analysts expect that Premium Brands will post 4.9137555 EPS for the current year.

Premium Brands Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be given a dividend of $0.85 per share. The ex-dividend date is Monday, September 30th. This represents a $3.40 annualized dividend and a yield of 3.90%. Premium Brands’s payout ratio is 159.62%.

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.