Premium Brands (TSE:PBH – Get Rating) had its price objective upped by TD Securities from C$120.00 to C$125.00 in a research report report published on Tuesday morning, BayStreet.CA reports. TD Securities currently has a buy rating on the stock.
A number of other analysts also recently issued reports on PBH. National Bankshares raised their price target on shares of Premium Brands from C$122.00 to C$124.00 and gave the stock an outperform rating in a report on Thursday, February 9th. Stifel Nicolaus lifted their target price on shares of Premium Brands from C$105.00 to C$111.00 in a report on Friday, March 17th. Scotiabank lifted their target price on shares of Premium Brands from C$114.00 to C$120.00 in a report on Monday, May 1st. CIBC dropped their target price on shares of Premium Brands from C$99.00 to C$98.00 and set a neutral rating for the company in a report on Friday, March 17th. Finally, Cormark lifted their target price on shares of Premium Brands from C$115.00 to C$120.00 in a report on Monday, March 20th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Premium Brands currently has an average rating of Moderate Buy and an average target price of C$118.30.
Premium Brands Trading Up 1.0 %
PBH opened at C$98.08 on Tuesday. The company has a debt-to-equity ratio of 141.16, a current ratio of 2.53 and a quick ratio of 1.16. The company’s 50 day simple moving average is C$98.79 and its two-hundred day simple moving average is C$91.84. Premium Brands has a 1-year low of C$77.36 and a 1-year high of C$105.32. The firm has a market capitalization of C$4.38 billion, a price-to-earnings ratio of 27.47, a price-to-earnings-growth ratio of 1.10 and a beta of 0.97.
Premium Brands Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, July 14th. Investors of record on Friday, June 30th will be given a $0.77 dividend. The ex-dividend date is Thursday, June 29th. This represents a $3.08 dividend on an annualized basis and a yield of 3.14%. Premium Brands’s dividend payout ratio (DPR) is presently 86.27%.
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 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 and ready-to-eat meals.
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