Premium Brands (TSE:PBH) Price Target Lowered to C$111.00 at BMO Capital Markets

Premium Brands (TSE:PBH) had its target price lowered by BMO Capital Markets from C$115.00 to C$111.00 in a report released on Friday, BayStreet.CA reports.

Other research analysts have also issued reports about the company. CIBC lifted their target price on Premium Brands from C$97.00 to C$103.00 and gave the company a neutral rating in a report on Tuesday, May 14th. Royal Bank of Canada boosted their price objective on Premium Brands from C$99.00 to C$101.00 and gave the stock a sector perform rating in a research report on Tuesday, May 14th. TD Securities raised their target price on shares of Premium Brands from C$120.00 to C$125.00 and gave the company a buy rating in a report on Tuesday, May 14th. Pi Financial reiterated a buy rating and set a C$112.00 price target on shares of Premium Brands in a report on Tuesday, April 16th. Finally, Desjardins raised their price objective on shares of 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 issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of Moderate Buy and a consensus price target of C$112.30.

Premium Brands Trading Down 0.1 %

PBH opened at C$85.97 on Friday. Premium Brands has a 52 week low of C$84.66 and a 52 week high of C$112.55. The business has a fifty day simple moving average of C$91.49 and a 200-day simple moving average of C$90.37. The firm has a market cap of C$3.82 billion, a P/E ratio of 40.36, a P/E/G ratio of 1.10 and a beta of 1.00. The company has a quick ratio of 1.16, a current ratio of 2.02 and a debt-to-equity ratio of 159.19.

Premium Brands (TSE:PBH) last announced its earnings results on Thursday, August 8th. The company reported C$1.28 EPS for the quarter, missing analysts’ consensus estimates of C$1.32 by C($0.04). The firm had revenue of C$1.70 billion for the quarter, compared to analysts’ expectations of C$1.70 billion. Premium Brands had a net margin of 1.50% and a return on equity of 5.37%. On average, equities analysts expect that Premium Brands will post 4.9137555 earnings per share for the current year.

Premium Brands Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be issued a $0.85 dividend. This represents a $3.40 annualized dividend and a dividend yield of 3.95%. The ex-dividend date of this dividend is Monday, September 30th. Premium Brands’s payout ratio is currently 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.