Premium Brands Holdings Corp (PBH) Given Average Rating of “Hold” by Brokerages
Shares of Premium Brands Holdings Corp (TSE:PBH) have earned an average rating of “Hold” from the seven ratings firms that are covering the firm, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is C$79.29.
Several analysts have recently commented on the stock. National Bank Financial lifted their price target 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. Scotiabank lifted their price target 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. Royal Bank Of Canada reduced their price target 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. Finally, BMO Capital Markets reaffirmed a “market perform” rating and set a C$106.00 price target on shares of Premium Brands Holdings Corp in a research report on Tuesday, August 15th.
COPYRIGHT VIOLATION NOTICE: This story was reported by American Banking News and is owned by of American Banking News. If you are accessing this story on another domain, it was illegally stolen and republished in violation of international trademark & copyright legislation. The original version of this story can be viewed at https://www.americanbankingnews.com/2017/09/23/premium-brands-holdings-corp-pbh-given-average-rating-of-hold-by-brokerages.html.
In other Premium Brands Holdings Corp news, Director John Stephen Beliveau sold 1,500 shares of the business’s stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of C$99.80, for a total value of C$149,700.00. Also, Director John Zaplatynsky purchased 275 shares of the company’s stock in a transaction on Wednesday, August 16th. The stock was acquired at an average price of C$99.60 per share, with a total value of C$27,390.00.
Premium Brands Holdings Corp (PBH) traded up 0.31% on Friday, hitting $98.64. The stock had a trading volume of 45,498 shares. The stock has a market cap of $2.95 billion and a PE ratio of 35.35. The firm’s 50 day moving average price is $96.98 and its 200-day moving average price is $89.95. Premium Brands Holdings Corp has a 12 month low of $59.12 and a 12 month high of $102.01.
The business also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Friday, September 29th will be issued a $0.42 dividend. The ex-dividend date is Thursday, September 28th. This represents a $1.68 annualized dividend and a yield of 1.70%.
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.
Receive News & Ratings for Premium Brands Holdings Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Premium Brands Holdings Corp and related companies with MarketBeat.com's FREE daily email newsletter.