Premium Brands (TSE:PBH) Given New C$100.00 Price Target at Royal Bank of Canada

Premium Brands (TSE:PBH) had its price target trimmed by Royal Bank of Canada from C$101.00 to C$100.00 in a report issued on Monday morning, BayStreet.CA reports. The brokerage currently has a sector perform rating on the stock.

Other analysts have also issued reports about the stock. BMO Capital Markets cut their target price on shares of Premium Brands from C$115.00 to C$111.00 in a research note on Friday, August 9th. National Bankshares cut their target price on shares of Premium Brands from C$111.00 to C$101.00 in a research note on Friday, August 9th. CIBC increased their target price on shares of Premium Brands from C$97.00 to C$103.00 and gave the company a neutral rating in a research note on Tuesday, May 14th. Stifel Nicolaus increased their target price on shares of Premium Brands from C$104.00 to C$106.00 and gave the company a buy rating in a research note on Tuesday, May 14th. Finally, Desjardins increased their target price on shares of Premium Brands from C$105.00 to C$106.00 and gave the company a buy rating in a research note on Tuesday, May 14th. Three investment 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, the stock presently has an average rating of Moderate Buy and a consensus price target of C$112.30.

Premium Brands Trading Down 0.1 %

Shares of TSE:PBH opened at C$87.15 on Monday. The company has a 50 day moving average of C$91.37 and a 200-day moving average of C$90.31. The firm has a market cap of C$3.87 billion, a P/E ratio of 40.92, a P/E/G ratio of 1.10 and a beta of 1.00. Premium Brands has a twelve month low of C$84.66 and a twelve month high of C$105.33. The company has a current ratio of 2.02, a quick ratio of 1.16 and a debt-to-equity ratio of 159.19.

Premium Brands (TSE:PBH) last issued its quarterly earnings results on Thursday, August 8th. The company reported C$1.28 earnings per share for the quarter, missing analysts’ consensus estimates 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 company had revenue of C$1.70 billion during the quarter, compared to analyst estimates of C$1.70 billion. As a group, analysts anticipate that Premium Brands will post 4.9137555 earnings per share for the current fiscal year.

Premium Brands Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be given a $0.85 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $3.40 annualized dividend and a dividend yield of 3.90%. Premium Brands’s dividend payout ratio (DPR) is presently 159.62%.

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.