Premium Brands (TSE:PBH) Price Target Cut to C$101.00 by Analysts at National Bankshares

Premium Brands (TSE:PBH) had its price objective cut by National Bankshares from C$111.00 to C$101.00 in a report published on Friday morning, BayStreet.CA reports.

A number of other equities research analysts also recently commented on PBH. TD Securities increased their price objective on shares of Premium Brands from C$120.00 to C$125.00 and gave the company a buy rating in a research report on Tuesday, May 14th. Stifel Nicolaus boosted their target price on shares of Premium Brands from C$104.00 to C$106.00 and gave the stock a buy rating in a research report on Tuesday, May 14th. Pi Financial reaffirmed a buy rating and issued a C$112.00 price objective on shares of Premium Brands in a research note on Tuesday, April 16th. Royal Bank of Canada lifted their target price on shares of Premium Brands from C$99.00 to C$101.00 and gave the stock a sector perform rating in a research report on Tuesday, May 14th. Finally, Desjardins upped their price objective on Premium Brands from C$105.00 to C$106.00 and gave the company a buy rating in a research report on Tuesday, May 14th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of Moderate Buy and a consensus price target of C$112.30.

Premium Brands Stock Performance

TSE:PBH opened at C$85.97 on Friday. The stock has a market capitalization of C$3.82 billion, a P/E ratio of 40.36, a PEG ratio of 1.10 and a beta of 1.00. The company has a debt-to-equity ratio of 159.19, a quick ratio of 1.16 and a current ratio of 2.02. Premium Brands has a fifty-two week low of C$84.66 and a fifty-two week high of C$112.55. The company has a 50 day moving average price of C$91.49 and a 200 day moving average price of C$90.37.

Premium Brands (TSE:PBH) last released its quarterly earnings results on Thursday, August 8th. The company reported C$1.28 EPS for the quarter, missing the consensus estimate of C$1.32 by C($0.04). Premium Brands had a return on equity of 5.37% and a net margin of 1.50%. The firm had revenue of C$1.70 billion for the quarter, compared to analysts’ expectations of C$1.70 billion. Equities research analysts forecast that Premium Brands will post 4.9137555 EPS for the current year.

Premium Brands Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be given a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a yield of 3.95%. The ex-dividend date is Monday, September 30th. Premium Brands’s dividend payout ratio (DPR) is presently 159.62%.

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.