Brokerages Set Premium Brands Holdings Co. (TSE:PBH) Price Target at C$108.30

Shares of Premium Brands Holdings Co. (TSE:PBH - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the nine analysts that are currently covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is C$108.30.

A number of research analysts have weighed in on the company. BMO Capital Markets reduced their target price on Premium Brands from C$111.00 to C$94.00 in a report on Thursday. TD Securities reduced their price target on shares of Premium Brands from C$129.00 to C$120.00 and set a "buy" rating on the stock in a research report on Thursday. Royal Bank of Canada dropped their price objective on shares of Premium Brands from C$100.00 to C$96.00 in a research report on Thursday. CIBC reduced their target price on shares of Premium Brands from C$103.00 to C$90.00 in a report on Thursday. Finally, Stifel Nicolaus lowered their price target on Premium Brands from C$106.00 to C$101.00 in a report on Thursday.

Premium Brands Price Performance

PBH stock traded up C$0.49 during mid-day trading on Friday, reaching C$76.55. The company's stock had a trading volume of 207,045 shares, compared to its average volume of 53,775. Premium Brands has a fifty-two week low of C$75.67 and a fifty-two week high of C$97.28. The company has a current ratio of 1.56, a quick ratio of 1.16 and a debt-to-equity ratio of 161.28. The company's 50 day moving average is C$90.94 and its two-hundred day moving average is C$90.55. The stock has a market cap of C$3.40 billion, a PE ratio of 30.14, a P/E/G ratio of 1.10 and a beta of 0.98.

Premium Brands (TSE:PBH - Get Free Report) last released its earnings results on Wednesday, November 6th. The company reported C$1.11 EPS for the quarter, missing the consensus estimate of C$1.36 by C($0.25). Premium Brands had a return on equity of 6.43% and a net margin of 1.78%. During the same period last year, the firm earned $1.27 EPS. Equities research analysts expect that Premium Brands will post 6.039823 EPS for the current year.

Premium Brands Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a yield of 4.44%. The ex-dividend date is Tuesday, December 31st. Premium Brands's payout ratio is presently 133.86%.

Insider Buying and Selling

In other news, Director Johnny Ciampi bought 3,500 shares of the company's stock in a transaction dated Friday, November 8th. The stock was bought at an average price of C$77.02 per share, for a total transaction of C$269,570.00. In related news, Senior Officer William Dion Kalutycz sold 7,000 shares of the company's stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of C$86.30, for a total value of C$604,100.00. Also, Director Johnny Ciampi bought 3,500 shares of Premium Brands stock in a transaction on Friday, November 8th. The shares were bought at an average price of C$77.02 per share, for a total transaction of C$269,570.00. Corporate insiders own 2.01% of the company's stock.

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.