Premium Brands Holdings Corp (TSE:PBH) shares rose 0.1% during trading on Wednesday . The company traded as high as C$98.16 and last traded at C$97.70. Approximately 89,588 shares changed hands during mid-day trading, an increase of 4% from the average daily volume of 86,088 shares. The stock had previously closed at C$97.83.

PBH has been the topic of a number of recent research reports. BMO Capital Markets upgraded Premium Brands Holdings Corp from a “market perform” rating to an “outperform” rating and increased their price objective for the company from C$106.00 to C$107.00 in a research report on Wednesday, November 15th. Royal Bank Of Canada decreased their price objective on Premium Brands Holdings Corp from C$109.00 to C$11.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 15th. TD Securities upgraded Premium Brands Holdings Corp from a “buy” rating to an “action list buy” rating and decreased their price objective for the company from C$122.00 to C$120.00 in a research report on Wednesday, November 15th. Scotiabank increased their price objective on Premium Brands Holdings Corp from C$88.00 to C$93.00 and gave the company a “sector perform” rating in a research report on Tuesday, August 15th. Finally, National Bank Financial increased their price objective on Premium Brands Holdings Corp from C$105.00 to C$110.00 and gave the company an “outperform” rating in a research report on Tuesday, August 15th. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of C$103.50.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 15th. Shareholders of record on Friday, December 29th will be given a $0.42 dividend. The ex-dividend date is Thursday, December 28th. This represents a $1.68 dividend on an annualized basis and a yield of 1.72%. Premium Brands Holdings Corp’s payout ratio is 58.99%.

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About Premium Brands Holdings Corp

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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