Premium Brands Holdings Co. (TSE:PBH) Receives C$108.30 Consensus Target Price from Analysts

Premium Brands Holdings Co. (TSE:PBH) has received a consensus rating of “Moderate Buy” from the eight ratings firms that are covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is C$103.50.

Several analysts recently issued reports on PBH shares. CIBC cut their price target on Premium Brands from C$103.00 to C$90.00 in a report on Thursday, November 7th. National Bankshares lifted their target price on Premium Brands from C$101.00 to C$109.00 and gave the company a “sector perform” rating in a research note on Thursday, October 24th. Royal Bank of Canada cut their target price on Premium Brands from C$100.00 to C$96.00 in a research note on Thursday, November 7th. Stifel Nicolaus cut their target price on Premium Brands from C$106.00 to C$101.00 in a research note on Thursday, November 7th. Finally, BMO Capital Markets lowered their price target on Premium Brands from C$111.00 to C$94.00 in a research report on Thursday, November 7th.

Premium Brands Price Performance

Shares of TSE PBH opened at C$81.49 on Friday. Premium Brands has a fifty-two week low of C$75.67 and a fifty-two week high of C$97.28. The business has a 50 day moving average price of C$90.40 and a two-hundred day moving average price of C$90.31. The company has a quick ratio of 1.16, a current ratio of 1.56 and a debt-to-equity ratio of 161.28. The firm has a market cap of C$3.62 billion, a PE ratio of 32.08, a price-to-earnings-growth ratio of 1.10 and a beta of 0.98.

Premium Brands (TSE:PBH) last issued its quarterly earnings data on Wednesday, November 6th. The company reported C$1.11 earnings per share for the quarter, missing analysts’ consensus estimates 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 last year, the business posted $1.27 EPS. Sell-side analysts expect that Premium Brands will post 6.039823 earnings per share for the current fiscal year.

Premium Brands Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a dividend yield of 4.17%. The ex-dividend date is Tuesday, December 31st. Premium Brands’s payout ratio is 133.86%.

Insider Buying and Selling

In related news, Senior Officer William Dion Kalutycz sold 7,000 shares of the company’s stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of C$86.30, for a total transaction of C$604,100.00. Also, Director Johnny Ciampi purchased 3,500 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The shares were acquired at an average cost of C$77.02 per share, for a total transaction of C$269,570.00. Insiders own 2.01% of the company’s stock.

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.