Premium Brands Holdings Corp (TSE:PBH) has been given a consensus recommendation of “Buy” by the seven research firms that are presently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is C$108.21.
PBH has been the subject of several recent analyst reports. Royal Bank of Canada upped their target price on shares of Premium Brands from C$111.00 to C$118.00 and gave the stock an “outperform” rating in a report on Thursday, November 23rd. BMO Capital Markets raised shares of Premium Brands from a “market perform” rating to an “outperform” rating and upped their target price for the stock from C$106.00 to C$107.00 in a report on Wednesday, November 15th. TD Securities upped their target price on shares of Premium Brands from C$120.00 to C$125.00 and gave the stock an “action list buy” rating in a report on Thursday, November 23rd. Scotiabank upped their target price on shares of Premium Brands from C$96.00 to C$97.50 and gave the stock a “sector perform” rating in a report on Thursday, November 23rd. Finally, Pi Financial upped their target price on shares of Premium Brands from C$112.00 to C$115.00 and gave the stock a “buy” rating in a report on Thursday, November 23rd.
Shares of Premium Brands (TSE PBH) traded down C$2.01 during mid-day trading on Monday, hitting C$103.16. 78,316 shares of the stock were exchanged, compared to its average volume of 84,527. Premium Brands has a 12-month low of C$63.16 and a 12-month high of C$110.28. The company has a market cap of $3,090.00, a P/E ratio of 37.11 and a beta of 0.39.
The business also recently declared a quarterly dividend, which will be paid on Monday, January 15th. Shareholders of record on Friday, December 29th will be paid a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 1.63%. The ex-dividend date is Thursday, December 28th. Premium Brands’s payout ratio is currently 58.99%.
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About Premium Brands
Premium Brands Holdings Corp is a Canada-based company that, through its subsidiaries, owns a range of specialty food manufacturing and food distribution businesses. The Company’s segments include Specialty Foods and Premium Food Distribution. Its family of brands and businesses include Conte Foods, Larosa Foods, McSweeney’s, Direct Plus, OvenPride and Island City Baking.
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