CIBC Issues Pessimistic Forecast for Premium Brands (TSE:PBH) Stock Price

Premium Brands (TSE:PBH) had its price target lowered by CIBC from C$103.00 to C$90.00 in a report published on Thursday,BayStreet.CA reports.

PBH has been the topic of a number of other research reports. BMO Capital Markets cut their target price on shares of Premium Brands from C$111.00 to C$94.00 in a research note on Thursday. Stifel Nicolaus reduced their target price on shares of Premium Brands from C$106.00 to C$101.00 in a research note on Thursday. TD Securities dropped their target price on shares of Premium Brands from C$129.00 to C$120.00 and set a “buy” rating on the stock in a report on Thursday. National Bankshares boosted their price target on shares of Premium Brands from C$101.00 to C$109.00 and gave the company a “sector perform” rating in a report on Thursday, October 24th. Finally, Royal Bank of Canada lowered their price objective on shares of Premium Brands from C$100.00 to C$96.00 in a research report on Thursday. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$108.30.

Premium Brands Price Performance

PBH traded up C$0.24 during trading on Thursday, reaching C$76.30. The company’s stock had a trading volume of 123,323 shares, compared to its average volume of 53,389. The firm has a fifty day simple moving average of C$91.17 and a two-hundred day simple moving average of C$90.54. The company has a market cap of C$3.39 billion, a price-to-earnings ratio of 30.43, a PEG ratio of 1.10 and a beta of 0.98. The company has a quick ratio of 1.16, a current ratio of 1.56 and a debt-to-equity ratio of 161.28. Premium Brands has a 1 year low of C$75.67 and a 1 year high of C$97.28.

Premium Brands (TSE:PBH) last announced its earnings results on Wednesday, November 6th. The company reported C$1.11 earnings per share for the quarter, missing the consensus estimate of C$1.36 by C($0.25). Premium Brands had a return on equity of 6.43% and a net margin of 1.78%. During the same quarter last year, the company posted $1.27 EPS. As a group, analysts anticipate that Premium Brands will post 6.039823 EPS for the current year.

Premium Brands Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be paid a $0.85 dividend. This represents a $3.40 annualized dividend and a dividend yield of 4.46%. The ex-dividend date is Tuesday, December 31st. Premium Brands’s dividend payout ratio (DPR) is currently 133.86%.

Insider Buying and Selling at Premium Brands

In other Premium Brands news, Senior Officer William Dion Kalutycz sold 7,000 shares of the stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of C$86.30, for a total transaction of C$604,100.00. 2.01% of the stock is currently owned by corporate insiders.

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, pizza, and baking and sushi products.