Premium Brands Holdings Corp (PBH) Upgraded by BMO Capital Markets to Outperform

BMO Capital Markets upgraded shares of Premium Brands Holdings Corp (TSE:PBH) from a market perform rating to an outperform rating in a research report released on Wednesday morning. The firm currently has C$107.00 target price on the stock, up from their prior target price of C$106.00.

A number of other brokerages also recently commented on PBH. Royal Bank Of Canada dropped their price objective on shares of Premium Brands Holdings Corp from C$109.00 to C$11.00 and set an outperform rating on the stock in a research report on Tuesday, August 15th. Scotiabank increased their target price on shares of Premium Brands Holdings Corp from C$88.00 to C$93.00 and gave the company a sector perform rating in a research report on Tuesday, August 15th. TD Securities raised shares of Premium Brands Holdings Corp from a buy rating to an action list buy rating and dropped their target price for the company from C$122.00 to C$120.00 in a research report on Wednesday. Finally, National Bank Financial increased their target price on shares of Premium Brands Holdings Corp from C$105.00 to C$110.00 and gave the company an outperform rating in a research report on Tuesday, August 15th. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus target price of C$103.50.

Premium Brands Holdings Corp (TSE PBH) traded up C$4.69 during trading on Wednesday, reaching C$99.84. 219,796 shares of the company’s stock were exchanged, compared to its average volume of 85,922. Premium Brands Holdings Corp has a 12 month low of C$63.16 and a 12 month high of C$106.00.

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The firm also recently declared a quarterly dividend, which will be paid on Monday, January 15th. Investors of record on Friday, December 29th will be paid a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date of this dividend is Thursday, December 28th. Premium Brands Holdings Corp’s dividend payout ratio is currently 57.55%.

About Premium Brands Holdings Corp

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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