Royal Bank of Canada Trims Premium Brands (TSE:PBH) Target Price to C$100.00

Premium Brands (TSE:PBH) had its price objective lowered by Royal Bank of Canada from C$101.00 to C$100.00 in a research report sent to investors on Monday, BayStreet.CA reports. The brokerage currently has a sector perform rating on the stock.

A number of other research firms also recently issued reports on PBH. BMO Capital Markets decreased their price objective on Premium Brands from C$115.00 to C$111.00 in a report on Friday, August 9th. TD Securities upped their price target on Premium Brands from C$125.00 to C$129.00 and gave the stock a buy rating in a research report on Monday. CIBC lifted their price objective on shares of Premium Brands from C$97.00 to C$103.00 and gave the company a neutral rating in a report on Tuesday, May 14th. Pi Financial restated a buy rating and set a C$112.00 target price on shares of Premium Brands in a report on Tuesday, April 16th. Finally, National Bankshares decreased their target price on shares of Premium Brands from C$111.00 to C$101.00 in a research report on Friday, August 9th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of Moderate Buy and a consensus price target of C$112.30.

Premium Brands Stock Up 0.1 %

Premium Brands stock opened at C$87.21 on Monday. The company has a 50 day moving average of C$91.37 and a 200-day moving average of C$90.31. The company has a quick ratio of 1.16, a current ratio of 2.02 and a debt-to-equity ratio of 159.19. Premium Brands has a twelve month low of C$84.66 and a twelve month high of C$108.00. The stock has a market capitalization of C$3.87 billion, a PE ratio of 40.94, a price-to-earnings-growth ratio of 1.10 and a beta of 1.00.

Premium Brands (TSE:PBH) last posted its quarterly earnings data on Thursday, August 8th. The company reported C$1.28 EPS for the quarter, missing the consensus estimate of C$1.32 by C($0.04). The company had revenue of C$1.70 billion during the quarter, compared to the consensus estimate of C$1.70 billion. Premium Brands had a net margin of 1.50% and a return on equity of 5.37%. On average, equities research analysts anticipate that Premium Brands will post 4.9137555 EPS for the current fiscal year.

Premium Brands Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be given a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a yield of 3.90%. The ex-dividend date is Monday, September 30th. Premium Brands’s dividend payout ratio (DPR) is currently 159.62%.

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.