Premium Brands Holdings Co. (TSE:PBH) Receives Consensus Rating of “Buy” from Analysts

Premium Brands Holdings Co. (TSE:PBH) has earned an average rating of “Buy” from the eight ratings firms that are covering the company, MarketBeat reports. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is C$148.00.

Several analysts have recently weighed in on the stock. TD Securities raised their price target on shares of Premium Brands from C$150.00 to C$160.00 and gave the company a “buy” rating in a report on Friday, November 5th. Royal Bank of Canada raised their price target on shares of Premium Brands from C$123.00 to C$126.00 and gave the company a “sector perform” rating in a report on Friday, November 5th. National Bankshares raised their price target on shares of Premium Brands from C$148.00 to C$155.00 and gave the company an “outperform” rating in a report on Friday, November 5th. National Bank Financial raised their price target on shares of Premium Brands to C$155.00 and gave the company an “outperform” rating in a report on Friday, November 5th. Finally, Cormark raised their price target on shares of Premium Brands from C$155.00 to C$160.00 in a report on Tuesday, November 9th.

Shares of TSE PBH traded down C$0.23 during mid-day trading on Thursday, hitting C$127.18. 29,756 shares of the stock were exchanged, compared to its average volume of 50,317. The company has a market cap of C$5.53 billion and a P/E ratio of 46.45. The stock’s fifty day simple moving average is C$132.94 and its two-hundred day simple moving average is C$128.97. The company has a debt-to-equity ratio of 109.58, a quick ratio of 0.92 and a current ratio of 1.90. Premium Brands has a twelve month low of C$96.36 and a twelve month high of C$137.75.

Premium Brands (TSE:PBH) last posted its quarterly earnings data on Thursday, November 4th. The company reported C$1.33 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of C$1.36 by C($0.03). The firm had revenue of C$1.34 billion for the quarter, compared to the consensus estimate of C$1.32 billion. As a group, equities research analysts predict that Premium Brands will post 5.6000001 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 17th. Shareholders of record on Friday, December 31st will be paid a $0.635 dividend. The ex-dividend date of this dividend is Thursday, December 30th. This is a boost from Premium Brands’s previous quarterly dividend of $0.58. This represents a $2.54 dividend on an annualized basis and a yield of 2.00%. Premium Brands’s dividend payout ratio (DPR) is presently 90.50%.

Premium Brands Company Profile

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 meat products and snacks, deli products, beef jerky and halal, sandwiches, pastries, specialty and gourmet products, salads and kettle products, entrees, panini, wraps, subs, hamburgers, burgers, muffins, breads, pastas, and baking and sushi products, as well as processed meat products.

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Analyst Recommendations for Premium Brands (TSE:PBH)

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