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 ratings firms that are presently covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is C$103.11.

Several equities analysts have weighed in on PBH shares. Royal Bank of Canada lowered their price objective on shares of Premium Brands from C$100.00 to C$96.00 in a research report on Thursday, November 7th. TD Securities decreased their price objective on Premium Brands from C$129.00 to C$120.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. Raymond James set a C$100.00 price target on shares of Premium Brands and gave the stock an “outperform” rating in a report on Thursday, December 19th. CIBC decreased their target price on shares of Premium Brands from C$103.00 to C$90.00 in a research note on Thursday, November 7th. Finally, National Bankshares upped their price target on shares of Premium Brands from C$101.00 to C$109.00 and gave the stock a “sector perform” rating in a research note on Thursday, October 24th.

Insider Activity at Premium Brands

In other Premium Brands news, Director Johnny Ciampi bought 2,000 shares of Premium Brands stock in a transaction dated Friday, November 29th. The shares were acquired at an average cost of C$78.78 per share, with a total value of C$157,560.00. Corporate insiders own 2.01% of the company’s stock.

Premium Brands Price Performance

Shares of Premium Brands stock opened at C$79.78 on Friday. Premium Brands has a 52 week low of C$75.67 and a 52 week high of C$97.10. 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 company’s 50-day moving average price is C$79.62 and its two-hundred day moving average price is C$86.42. The stock has a market cap of C$3.54 billion, a PE ratio of 31.41, a price-to-earnings-growth ratio of 1.10 and a beta of 0.98.

Premium Brands (TSE:PBH) last announced its 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 in the previous year, the company earned $1.27 EPS. As a group, sell-side analysts anticipate that Premium Brands will post 6.039823 EPS for the current fiscal year.

Premium Brands Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were given a dividend of $0.85 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $3.40 annualized dividend and a dividend yield of 4.26%. Premium Brands’s dividend payout ratio is presently 133.86%.

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.