Premium Brands Holdings Corp (PBH) Given Average Recommendation of “Buy” by Brokerages

Premium Brands Holdings Corp (TSE:PBH) has received a consensus rating of “Buy” from the seven ratings firms that are presently covering the stock, MarketBeat reports. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is C$108.21.

Several research firms recently commented on PBH. National Bank Financial upped their price target on shares of Premium Brands from C$110.00 to C$115.00 and gave the company an “outperform” rating in a research report on Thursday, November 23rd. Pi Financial upped their price target on shares of Premium Brands from C$112.00 to C$115.00 and gave the company a “buy” rating in a research report on Thursday, November 23rd. Scotiabank upped their price target on shares of Premium Brands from C$88.00 to C$93.00 and gave the company a “sector perform” rating in a research report on Tuesday, August 15th. TD Securities upgraded shares of Premium Brands from a “buy” rating to an “action list buy” rating and reduced their price target for the company from C$122.00 to C$120.00 in a research report on Wednesday, November 15th. Finally, Royal Bank Of Canada reduced their price target on shares of Premium Brands from C$115.00 to C$111.00 and set an “outperform” rating for the company in a research report on Wednesday, November 15th.

Premium Brands (TSE PBH) traded up C$0.41 during mid-day trading on Thursday, reaching C$105.58. 72,396 shares of the company traded hands, compared to its average volume of 86,276. Premium Brands has a 1 year low of C$63.16 and a 1 year high of C$110.28.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 15th. Shareholders of record on Friday, December 29th will be given a dividend of $0.42 per share. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $1.68 dividend on an annualized basis and a yield of 1.59%. Premium Brands’s payout ratio is currently 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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