Analysts Set Premium Brands Holdings Corp (PBH) Target Price at $101.29
Premium Brands Holdings Corp (TSE:PBH) has been given a consensus recommendation of “Buy” by the eight ratings firms that are covering the firm, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is C$101.29.
PBH has been the topic of several analyst reports. Royal Bank of Canada lowered their price target on shares of Premium Brands from C$133.00 to C$126.00 and set an “outperform” rating on the stock in a report on Monday, November 12th. CIBC downgraded shares of Premium Brands from an “outperform” rating to a “neutral” rating and lowered their price target for the company from C$126.00 to C$82.00 in a report on Monday, November 19th. Canaccord Genuity lowered their price target on shares of Premium Brands from C$110.00 to C$100.00 in a report on Wednesday, November 14th. BMO Capital Markets lowered their price target on shares of Premium Brands from C$137.00 to C$92.00 and set an “outperform” rating on the stock in a report on Wednesday, November 14th. Finally, National Bank Financial lowered their price target on shares of Premium Brands from C$130.00 to C$95.00 and set an “outperform” rating on the stock in a report on Wednesday, November 14th.
In related news, insider Douglas Owen Goss bought 1,000 shares of the stock in a transaction dated Friday, November 16th. The shares were purchased at an average price of C$69.23 per share, with a total value of C$69,230.00.
Premium Brands (TSE:PBH) last posted its quarterly earnings data on Tuesday, November 13th. The company reported C$0.94 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$1.14 by C($0.20). The company had revenue of C$835.50 million for the quarter, compared to the consensus estimate of C$835.17 million. On average, analysts predict that Premium Brands will post 4.49999948275868 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 15th. Shareholders of record on Tuesday, January 15th will be issued a dividend of $0.475 per share. This represents a $1.90 annualized dividend and a yield of 2.43%. The ex-dividend date is Thursday, December 27th. Premium Brands’s dividend payout ratio is currently 61.81%.
About Premium Brands
Premium Brands Holdings Corporation, through its subsidiaries, manufactures and distributes food products primarily in Canada and the United States. It operates through two segments, Specialty Foods and Premium Food Distribution. The company provides premium and natural processed meat products, specialty deli products, meat snacks, beef jerky and halal, sandwiches, pastries, specialty and gourmet products, salads and kettle, entres, panini, wraps, subs, hamburgers, burgers, muffins, breads, specialty pastas, and sushi products.
Featured Article: Analyzing a company’s cash flow statement
Receive News & Ratings for Premium Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Premium Brands and related companies with MarketBeat.com's FREE daily email newsletter.