Premium Brands Holdings Corp (PBH) Receives C$82.00 Consensus Target Price from Analysts

Premium Brands Holdings Corp (TSE:PBH) has received a consensus recommendation of “Hold” from the six ratings firms that are presently covering the stock, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is C$82.00.

A number of research analysts recently commented on PBH shares. BMO Capital Markets reiterated a “market perform” rating and issued a C$106.00 price objective on shares of Premium Brands Holdings Corp in a report on Tuesday, August 15th. Royal Bank Of Canada decreased their price objective on Premium Brands Holdings Corp from C$109.00 to C$11.00 and set an “outperform” rating on the stock in a report on Tuesday, August 15th. National Bank Financial upped their price objective on Premium Brands Holdings Corp from C$105.00 to C$110.00 and gave the company an “outperform” rating in a report on Tuesday, August 15th. Finally, Scotiabank upped their price objective on Premium Brands Holdings Corp from C$88.00 to C$93.00 and gave the company a “sector perform” rating in a report on Tuesday, August 15th.

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Premium Brands Holdings Corp (TSE PBH) traded down C$6.69 on Friday, reaching C$95.15. The company had a trading volume of 376,935 shares, compared to its average volume of 85,310. Premium Brands Holdings Corp has a 12-month low of C$63.16 and a 12-month high of C$106.00.

The company also recently announced a quarterly dividend, which will be paid on Monday, January 15th. Shareholders of record on Friday, December 29th will be given a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 1.77%. The ex-dividend date of this dividend is Thursday, December 28th. Premium Brands Holdings Corp’s payout ratio is 57.35%.

Premium Brands Holdings Corp Company Profile

Premium Brands Holdings Corp is a Canada-based company that, through its subsidiaries, owns a range of specialty food manufacturing and food distribution businesses. The Company’s segments include Specialty Foods and Premium Food Distribution. Its family of brands and businesses include Conte Foods, Larosa Foods, McSweeney’s, Direct Plus, OvenPride and Island City Baking.

Analyst Recommendations for Premium Brands Holdings Corp (TSE:PBH)

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