Premium Brands Holdings Corp (PBH) Receives Consensus Rating of “Buy” from Analysts
Shares of Premium Brands Holdings Corp (TSE:PBH) have been given a consensus recommendation of “Buy” by the eight brokerages that are presently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation, five have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is C$109.19.
PBH has been the topic of a number of recent analyst reports. BMO Capital Markets raised Premium Brands from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from C$106.00 to C$107.00 in a research note on Wednesday, November 15th. CIBC set a C$116.00 price objective on Premium Brands and gave the stock an “outperform” rating in a research note on Thursday, January 18th. TD Securities lifted their price objective on Premium Brands from C$120.00 to C$125.00 and gave the stock an “action list buy” rating in a research note on Thursday, November 23rd. Scotiabank lifted their price objective on Premium Brands from C$96.00 to C$97.50 and gave the stock a “sector perform” rating in a research note on Thursday, November 23rd. Finally, Royal Bank of Canada lifted their price objective on Premium Brands from C$111.00 to C$118.00 and gave the stock an “outperform” rating in a research note on Thursday, November 23rd.
Shares of Premium Brands (PBH) traded up C$0.80 during mid-day trading on Friday, hitting C$106.07. The stock had a trading volume of 70,819 shares, compared to its average volume of 64,305. Premium Brands has a 12-month low of C$68.24 and a 12-month high of C$110.28. The firm has a market capitalization of $3,200.00, a price-to-earnings ratio of 38.15 and a beta of 0.39.
The firm also recently declared a quarterly dividend, which was paid on Monday, January 15th. Shareholders of record on Friday, December 29th were paid a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 1.58%. The ex-dividend date of this dividend was Thursday, December 28th. Premium Brands’s dividend payout ratio (DPR) is presently 58.99%.
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Premium Brands Company Profile
Premium Brands Holdings Corp is a Canada-based company that, through its subsidiaries, owns a range of specialty food manufacturing and food distribution businesses. The Company’s segments include Specialty Foods and Premium Food Distribution. Its family of brands and businesses include Conte Foods, Larosa Foods, McSweeney’s, Direct Plus, OvenPride and Island City Baking.
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