Premium Brands (TSE:PBH) Given a C$100.00 Price Target at Raymond James

Raymond James set a C$100.00 price objective on Premium Brands (TSE:PBH) in a research note published on Thursday morning,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

Several other equities research analysts have also recently commented on PBH. Stifel Nicolaus dropped their price objective on Premium Brands from C$106.00 to C$101.00 in a research report on Thursday, November 7th. National Bankshares raised their price target on shares of Premium Brands from C$101.00 to C$109.00 and gave the company a “sector perform” rating in a report on Thursday, October 24th. BMO Capital Markets reduced their price target on shares of Premium Brands from C$111.00 to C$94.00 in a research note on Thursday, November 7th. TD Securities lowered their price objective 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, November 7th. Finally, CIBC cut their target price on shares of Premium Brands from C$103.00 to C$90.00 in a research report on Thursday, November 7th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of C$103.11.

Premium Brands Stock Up 0.6 %

Shares of TSE:PBH opened at C$78.89 on Thursday. Premium Brands has a 12-month low of C$75.67 and a 12-month high of C$97.10. The stock has a market capitalization of C$3.50 billion, a price-to-earnings ratio of 31.06, a PEG ratio of 1.10 and a beta of 0.98. The stock has a fifty day simple moving average of C$84.58 and a two-hundred day simple moving average 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 (TSE:PBH) last announced its quarterly earnings results on Wednesday, November 6th. The company reported C$1.11 earnings per share for the quarter, missing the consensus estimate 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 quarter in the prior year, the company posted $1.27 EPS. On average, research analysts anticipate that Premium Brands will post 6.039823 earnings per share for the current fiscal year.

Premium Brands Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a $0.85 dividend. The ex-dividend date 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 is currently 133.86%.

Insiders Place Their Bets

In other news, Director Johnny Ciampi acquired 2,000 shares of Premium Brands stock in a transaction on Friday, November 29th. The shares were acquired at an average price of C$78.78 per share, with a total value of C$157,560.00. Corporate insiders own 2.01% of the company’s stock.

Premium Brands Company Profile

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.