Premium Brands (PBH) PT Lowered to C$111.00

Premium Brands (TSE:PBH) had its price objective cut by Royal Bank Of Canada from C$115.00 to C$111.00 in a report published on Wednesday, November 15th. They currently have an outperform rating on the stock.

PBH has been the topic of a number of other research reports. BMO Capital Markets upgraded shares of Premium Brands from a market perform rating to an outperform rating and upped their price target for the company from C$106.00 to C$107.00 in a research note on Wednesday, November 15th. TD Securities raised shares of Premium Brands from a buy rating to an action list buy rating and dropped their price objective for the company from C$122.00 to C$120.00 in a report on Wednesday, November 15th. Scotiabank upped their price objective on shares of Premium Brands from C$88.00 to C$93.00 and gave the company a sector perform rating in a report on Tuesday, August 15th. Finally, National Bank Financial upped their price objective on shares of Premium Brands from C$105.00 to C$110.00 and gave the company an outperform rating in a report on Tuesday, August 15th. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Premium Brands has an average rating of Buy and a consensus target price of C$108.21.

Premium Brands (PBH) traded up C$0.08 during midday trading on Wednesday, hitting C$105.22. 58,616 shares of the company traded hands, compared to its average volume of 86,628. Premium Brands has a 1 year low of C$63.16 and a 1 year high of C$110.28.

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 15th. Stockholders of record on Friday, December 29th will be given a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.60%. The ex-dividend date of this dividend is Thursday, December 28th. Premium Brands’s dividend payout ratio (DPR) is 58.99%.

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Premium Brands Company Profile

Premium Brands Holdings Corporation manufactures and distributes food products in Canada and the United States. It operates through two segments, Specialty Foods and Premium Food Distribution. The company provides premium and natural processed meat products, specialty deli products, meat snacks, beef jerky and halal products, sandwiches, pastries, specialty and gourmet products, salads and kettle products, entres, panini products, wraps, subs, hamburgers, burgers, muffins, breads, specialty pastas, and sushi products.

Analyst Recommendations for Premium Brands (TSE:PBH)

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