TD Securities Raises Premium Brands (TSE:PBH) Price Target to C$129.00

Premium Brands (TSE:PBH) had its price objective upped by TD Securities from C$125.00 to C$129.00 in a research report released on Monday morning, BayStreet.CA reports. TD Securities currently has a buy rating on the stock.

A number of other research firms have also weighed in on PBH. Desjardins lifted their price objective on Premium Brands from C$105.00 to C$106.00 and gave the company a buy rating in a research note on Tuesday, May 14th. Royal Bank of Canada lifted their price objective on Premium Brands from C$99.00 to C$101.00 and gave the company a sector perform rating in a research note on Tuesday, May 14th. Pi Financial restated a buy rating and set a C$112.00 target price on shares of Premium Brands in a research report on Tuesday, April 16th. CIBC raised their target price on Premium Brands from C$97.00 to C$103.00 and gave the company a neutral rating in a research report on Tuesday, May 14th. Finally, National Bankshares dropped their target price on Premium Brands from C$111.00 to C$101.00 in a research report on Friday, August 9th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and a consensus target price of C$112.30.

Premium Brands Stock Performance

TSE PBH opened at C$87.15 on Monday. The stock has a 50-day simple moving average of C$91.37 and a two-hundred day simple moving average of C$90.31. The firm has a market capitalization of C$3.87 billion, a P/E ratio of 40.92, a PEG ratio of 1.10 and a beta of 1.00. Premium Brands has a fifty-two week low of C$84.66 and a fifty-two week high of C$105.33. The company has a debt-to-equity ratio of 159.19, a quick ratio of 1.16 and a current ratio of 2.02.

Premium Brands (TSE:PBH) last released its quarterly earnings data on Thursday, August 8th. The company reported C$1.28 earnings per share for the quarter, missing analysts’ consensus estimates of C$1.32 by C($0.04). The company 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 forecast that Premium Brands will post 4.9137555 earnings per share for the current year.

Premium Brands Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be issued a $0.85 dividend. This represents a $3.40 annualized dividend and a yield of 3.90%. The ex-dividend date is Monday, September 30th. Premium Brands’s payout ratio is 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.