Premium Brands (TSE:PBH) Stock Rating Upgraded by Raymond James

Raymond James upgraded shares of Premium Brands (TSE:PBH) to a moderate buy rating in a research report sent to investors on Wednesday morning,Zacks.com reports.

A number of other research firms have also recently commented on PBH. Royal Bank of Canada reduced their target price on shares of Premium Brands from C$100.00 to C$96.00 in a research report on Thursday, November 7th. Stifel Nicolaus cut their price objective on shares of Premium Brands from C$106.00 to C$101.00 in a report on Thursday, November 7th. TD Securities lowered 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 note on Thursday, November 7th. BMO Capital Markets dropped their target price on Premium Brands from C$111.00 to C$94.00 in a research report on Thursday, November 7th. Finally, CIBC reduced their price target on Premium Brands from C$103.00 to C$90.00 in a report on Thursday, November 7th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, Premium Brands presently has a consensus rating of “Moderate Buy” and a consensus price target of C$103.11.

Premium Brands Stock Up 0.6 %

Shares of TSE PBH opened at C$78.89 on Wednesday. The stock has a fifty day moving average price of C$84.58 and a 200 day moving average price of C$88.67. The company has a current ratio of 1.56, a quick ratio of 1.16 and a debt-to-equity ratio of 161.28. Premium Brands has a 12-month low of C$75.67 and a 12-month high of C$97.10. The company has a market cap of C$3.50 billion, a P/E ratio of 31.06, a P/E/G ratio of 1.10 and a beta of 0.98.

Premium Brands (TSE:PBH) last posted its earnings results on Wednesday, November 6th. The company reported C$1.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 last year, the business posted $1.27 earnings per share. Research analysts anticipate that Premium Brands will post 6.039823 EPS for the current fiscal year.

Premium Brands Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be paid a $0.85 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $3.40 dividend on an annualized basis and a yield of 4.31%. Premium Brands’s dividend payout ratio (DPR) is 133.86%.

Insider Buying and Selling at Premium Brands

In other Premium Brands news, Director Johnny Ciampi bought 2,000 shares of the stock in a transaction on Friday, November 29th. The stock was 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 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.