Premium Brands (TSE:PBH) Price Target Cut to C$137.00 by Analysts at National Bankshares

Premium Brands (TSE:PBHGet Rating) had its target price decreased by National Bankshares from C$138.00 to C$137.00 in a research report report published on Tuesday, BayStreet.CA reports. National Bankshares currently has an outperform rating on the stock.

A number of other brokerages have also recently issued reports on PBH. BMO Capital Markets cut their target price on shares of Premium Brands from C$142.00 to C$139.00 in a report on Monday, May 9th. Royal Bank of Canada cut their price target on Premium Brands from C$126.00 to C$125.00 and set a sector perform rating on the stock in a report on Monday, May 9th. Scotiabank cut their price target on Premium Brands from C$150.00 to C$145.00 in a report on Friday, March 11th. CIBC cut their price target on Premium Brands from C$120.00 to C$113.00 and set a neutral rating on the stock in a report on Monday, May 9th. Finally, Desjardins reaffirmed a buy rating and set a C$150.00 price target on shares of Premium Brands in a report on Sunday, April 17th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of Buy and a consensus target price of C$142.67.

Shares of TSE PBH opened at C$103.00 on Tuesday. The company has a quick ratio of 0.93, a current ratio of 2.09 and a debt-to-equity ratio of 109.15. The firm’s 50-day moving average price is C$105.10 and its two-hundred day moving average price is C$118.34. Premium Brands has a 52-week low of C$94.23 and a 52-week high of C$137.75. The stock has a market capitalization of C$4.60 billion and a P/E ratio of 32.09.

Premium Brands (TSE:PBHGet Rating) last issued its earnings results on Thursday, March 10th. The company reported C$1.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$1.17 by C$0.06. The business had revenue of C$1.35 billion during the quarter, compared to the consensus estimate of C$1.27 billion. As a group, equities research analysts expect that Premium Brands will post 6.4700001 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 15th. Investors of record on Thursday, June 30th will be paid a dividend of $0.70 per share. The ex-dividend date is Wednesday, June 29th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.72%. Premium Brands’s dividend payout ratio is presently 85.69%.

Premium Brands Company Profile (Get Rating)

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 meat products and snacks, deli products, beef jerky and halal, sandwiches, pastries, specialty and gourmet products, salads and kettle products, entrees, panini, wraps, subs, hamburgers, burgers, muffins, breads, pastas, and baking and sushi products, as well as processed meat products and ready-to-eat meals.

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Analyst Recommendations for Premium Brands (TSE:PBH)

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