Premium Brands Holdings Co. (TSE:PBH – Get Free Report) has earned a consensus recommendation of “Moderate Buy” from the eight research firms that are currently covering the firm, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is C$103.11.
Several equities research analysts recently weighed in on the stock. BMO Capital Markets reduced their target price on shares of Premium Brands from C$111.00 to C$94.00 in a research note on Thursday, November 7th. CIBC lowered their target price on shares of Premium Brands from C$103.00 to C$90.00 in a report on Thursday, November 7th. Raymond James set a C$100.00 price target on shares of Premium Brands and gave the company an “outperform” rating in a report on Thursday, December 19th. Royal Bank of Canada decreased their price objective on shares of Premium Brands from C$100.00 to C$96.00 in a research note on Thursday, November 7th. Finally, TD Securities cut their target price on shares of Premium Brands from C$129.00 to C$120.00 and set a “buy” rating for the company in a research note on Thursday, November 7th.
Get Our Latest Stock Report on Premium Brands
Premium Brands Trading Up 0.7 %
Premium Brands (TSE:PBH – Get Free Report) last posted its quarterly earnings data on Wednesday, November 6th. The company reported C$1.11 earnings per share (EPS) for the quarter, missing the consensus estimate of C$1.36 by C($0.25). Premium Brands had a return on equity of 6.43% and a net margin of 1.78%. During the same quarter in the prior year, the company earned $1.27 EPS. On average, research analysts predict that Premium Brands will post 6.039823 earnings per share for the current fiscal year.
Premium Brands Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were paid a $0.85 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $3.40 annualized dividend and a dividend yield of 4.24%. Premium Brands’s dividend payout ratio (DPR) is currently 133.86%.
Insider Transactions at Premium Brands
In related news, Director Johnny Ciampi bought 2,000 shares of Premium Brands stock in a transaction on Friday, November 29th. The shares were purchased at an average price of C$78.78 per share, for a total transaction of C$157,560.00. 2.01% of the stock is currently owned by corporate insiders.
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 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.
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