Premium Brands (TSE:PBH) Price Target Lowered to C$103.00 at Royal Bank of Canada

Premium Brands (TSE:PBH) had its target price lowered by Royal Bank of Canada from C$110.00 to C$103.00 in a research report released on Wednesday morning, BayStreet.CA reports. The firm currently has a sector perform rating on the stock.

Several other equities analysts have also issued reports on PBH. Stifel Nicolaus lowered Premium Brands from a buy rating to a hold rating in a research report on Tuesday, August 15th. National Bankshares dropped their price objective on Premium Brands from C$121.00 to C$117.00 and set a sector perform rating for the company in a report on Thursday, October 26th. BMO Capital Markets increased their price objective on Premium Brands from C$117.00 to C$124.00 in a report on Tuesday, August 15th. National Bank Financial cut Premium Brands from an outperform overweight rating to a sector perform overweight rating in a report on Monday, August 14th. Finally, TD Securities increased their price objective on Premium Brands from C$125.00 to C$135.00 and gave the stock a buy rating in a report on Tuesday, August 15th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of Moderate Buy and a consensus price target of C$116.33.

Premium Brands Price Performance

Shares of Premium Brands stock opened at C$92.34 on Wednesday. The business’s 50-day moving average price is C$94.67 and its 200-day moving average price is C$100.58. The company has a current ratio of 2.44, a quick ratio of 1.16 and a debt-to-equity ratio of 152.95. Premium Brands has a 12 month low of C$79.00 and a 12 month high of C$113.60. The firm has a market capitalization of C$4.12 billion, a PE ratio of 36.21, a price-to-earnings-growth ratio of 1.10 and a beta of 1.00.

Premium Brands Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, January 15th. Stockholders of record on Friday, December 29th will be paid a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a dividend yield of 3.34%. The ex-dividend date of this dividend is Thursday, December 28th. Premium Brands’s payout ratio is presently 120.78%.

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, and baking and sushi products.