Raymond James Analysts Give Premium Brands (TSE:PBH) a C$100.00 Price Target

Raymond James set a C$100.00 price target on Premium Brands (TSE:PBH) in a report released on Thursday,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

A number of other brokerages have also weighed in on PBH. CIBC decreased their price objective on shares of Premium Brands from C$103.00 to C$90.00 in a report on Thursday, November 7th. BMO Capital Markets decreased their price target on shares of Premium Brands from C$111.00 to C$94.00 in a research note on Thursday, November 7th. Royal Bank of Canada dropped their price objective on Premium Brands from C$100.00 to C$96.00 in a research note on Thursday, November 7th. TD Securities decreased their target price on Premium Brands from C$129.00 to C$120.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. Finally, National Bankshares increased their price target on Premium Brands from C$101.00 to C$109.00 and gave the stock a “sector perform” rating in a research report on Thursday, October 24th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, Premium Brands presently has a consensus rating of “Moderate Buy” and an average price target of C$103.11.

Premium Brands Trading Up 0.3 %

PBH opened at C$79.09 on Thursday. Premium Brands has a one year low of C$75.67 and a one year high of C$97.10. The company has a debt-to-equity ratio of 161.28, a quick ratio of 1.16 and a current ratio of 1.56. The stock has a market cap of C$3.51 billion, a price-to-earnings ratio of 31.14, a P/E/G ratio of 1.10 and a beta of 0.98. The stock’s 50 day moving average price is C$84.29 and its 200-day moving average price is C$88.60.

Premium Brands (TSE:PBH) last announced its quarterly earnings data on Wednesday, November 6th. The company reported C$1.11 EPS for the quarter, missing the consensus estimate of C$1.36 by C($0.25). Premium Brands had a net margin of 1.78% and a return on equity of 6.43%. During the same period in the prior year, the company posted $1.27 earnings per share. On average, equities analysts forecast that Premium Brands will post 6.039823 EPS for the current year.

Premium Brands Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a yield of 4.30%. The ex-dividend date of this dividend is Tuesday, December 31st. Premium Brands’s payout ratio is currently 133.86%.

Insiders Place Their Bets

In other news, Director Johnny Ciampi purchased 3,500 shares of the business’s stock in a transaction on Friday, November 8th. The shares were acquired at an average cost of C$77.02 per share, with a total value of C$269,570.00. 2.01% of the stock is currently owned by corporate insiders.

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