Premium Brands Holdings Co. (TSE:PBH) has been given an average recommendation of “Buy” by the eight brokerages that are covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is C$148.00.
A number of analysts have recently weighed in on the stock. National Bank Financial upped their price target on shares of Premium Brands to C$155.00 and gave the stock an “outperform” rating in a report on Friday, November 5th. Cormark upped their price target on shares of Premium Brands from C$155.00 to C$160.00 in a report on Tuesday, November 9th. Royal Bank of Canada increased their price objective on shares of Premium Brands from C$123.00 to C$126.00 and gave the company a “sector perform” rating in a research note on Friday, November 5th. CIBC increased their price objective on shares of Premium Brands from C$129.00 to C$135.00 and gave the company a “neutral” rating in a research note on Monday, November 8th. Finally, BMO Capital Markets increased their price objective on shares of Premium Brands from C$149.00 to C$156.00 and gave the company a “na” rating in a research note on Friday, November 5th.
Shares of Premium Brands stock traded down C$0.23 on Thursday, reaching C$127.18. 29,756 shares of the stock were exchanged, compared to its average volume of 50,317. The firm’s 50 day moving average is C$132.94 and its 200-day moving average is C$128.97. Premium Brands has a one year low of C$96.36 and a one year high of C$137.75. The company has a debt-to-equity ratio of 109.58, a quick ratio of 0.92 and a current ratio of 1.90. The firm has a market cap of C$5.53 billion and a PE ratio of 46.45.
The firm also recently declared a quarterly dividend, which will be paid on Monday, January 17th. Shareholders of record on Friday, December 31st will be given a $0.635 dividend. This is a boost from Premium Brands’s previous quarterly dividend of $0.58. This represents a $2.54 annualized dividend and a yield of 2.00%. The ex-dividend date is Thursday, December 30th. Premium Brands’s dividend payout ratio is 90.50%.
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 meat products and snacks, deli products, beef jerky and halal, sandwiches, pastries, specialty and gourmet products, salads and kettle products, entrees, panini, wraps, subs, hamburgers, burgers, muffins, breads, pastas, and baking and sushi products, as well as processed meat products.
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