Premium Brands (TSE:PBH) PT Lowered to C$130.00

Premium Brands (TSE:PBH) had its price target decreased by Cormark from C$140.00 to C$130.00 in a report released on Wednesday morning, BayStreet.CA reports. Cormark also issued estimates for Premium Brands’ Q4 2023 earnings at $1.17 EPS, Q1 2024 earnings at $0.70 EPS, Q2 2024 earnings at $1.60 EPS, Q3 2024 earnings at $1.99 EPS, Q4 2024 earnings at $1.57 EPS, Q1 2025 earnings at $1.13 EPS, Q2 2025 earnings at $2.15 EPS and Q3 2025 earnings at $2.58 EPS.

Several other analysts have also weighed in on the stock. National Bank Financial lowered shares of Premium Brands from an outperform overweight rating to a sector perform overweight rating in a report on Monday, August 14th. CIBC decreased their price target on shares of Premium Brands from C$114.00 to C$110.00 in a research note on Wednesday, August 16th. Royal Bank of Canada decreased their price target on shares of Premium Brands from C$110.00 to C$103.00 and set a sector perform rating on the stock in a research note on Wednesday. Scotiabank increased their price target on shares of Premium Brands from C$129.00 to C$130.00 and gave the company an outperform rating in a research note on Monday, October 23rd. Finally, National Bankshares decreased their price target on shares of Premium Brands from C$117.00 to C$109.00 in a research note on Wednesday. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, Premium Brands has a consensus rating of Moderate Buy and a consensus price target of C$116.33.

Premium Brands Stock Performance

TSE PBH opened at C$92.34 on Wednesday. The firm has a market cap of C$4.12 billion, a price-to-earnings ratio of 36.21, a PEG ratio of 1.10 and a beta of 1.00. The company has a 50 day moving average of C$94.67 and a 200-day moving average of 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 1-year low of C$79.00 and a 1-year high of C$113.60.

Premium Brands Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 15th. Shareholders of record on Friday, December 29th will be paid a $0.77 dividend. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $3.08 dividend on an annualized basis and a yield of 3.34%. 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.