Premium Brands (TSE:PBH) PT Lowered to C$100.00

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Premium Brands (TSE:PBH) had its target price cut by TD Securities from C$110.00 to C$100.00 in a report published on Tuesday morning, BayStreet.CA reports. They currently have a buy rating on the stock.

Other research analysts have also issued reports about the company. Cormark boosted their target price on Premium Brands from C$97.00 to C$106.00 in a report on Wednesday, August 14th. Royal Bank of Canada decreased their target price on Premium Brands from C$103.00 to C$102.00 and set an outperform rating on the stock in a report on Wednesday, August 14th. Finally, CIBC boosted their target price on Premium Brands from C$84.00 to C$94.00 in a report on Thursday, August 8th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company currently has an average rating of Buy and a consensus target price of C$95.56.

Shares of TSE:PBH traded up C$0.41 during trading on Tuesday, hitting C$82.60. 38,509 shares of the company were exchanged, compared to its average volume of 109,324. The stock has a market cap of $3.01 billion and a price-to-earnings ratio of 29.40. Premium Brands has a fifty-two week low of C$66.99 and a fifty-two week high of C$98.87. The firm has a fifty day moving average price of C$90.33 and a two-hundred day moving average price of C$90.19. The company has a current ratio of 1.92, a quick ratio of 0.93 and a debt-to-equity ratio of 117.09.

Premium Brands (TSE:PBH) last posted its earnings results on Tuesday, August 13th. The company reported C$1.10 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.72 by C$0.38. The business had revenue of C$945.40 million for the quarter, compared to analyst estimates of C$958.00 million. As a group, research analysts predict that Premium Brands will post 4.49 EPS for the current year.

The firm 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 dividend of $0.525 per share. The ex-dividend date of this dividend is Monday, December 30th. This is a positive change from Premium Brands’s previous quarterly dividend of $0.48. This represents a $2.10 dividend on an annualized basis and a dividend yield of 2.54%. Premium Brands’s payout ratio is presently 71.17%.

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, entres, panini, wraps, subs, hamburgers, burgers, muffins, breads, and baking and sushi products.

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Analyst Recommendations for Premium Brands (TSE:PBH)

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