Premium Brands Holdings Corp (PBH) PT Raised to C$110.00 at National Bank Financial

Premium Brands Holdings Corp (TSE:PBH) had its price objective hoisted by National Bank Financial from C$105.00 to C$110.00 in a report released on Tuesday morning. The firm currently has an outperform rating on the stock.

A number of other research analysts also recently weighed in on the stock. Royal Bank Of Canada raised their price target on shares of Premium Brands Holdings Corp from C$86.00 to C$100.00 and gave the company an outperform rating in a report on Tuesday, May 16th. BMO Capital Markets restated a market perform rating and set a C$97.00 price target on shares of Premium Brands Holdings Corp in a report on Friday, June 23rd. Scotiabank raised 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 report on Tuesday. Finally, TD Securities raised their price target on shares of Premium Brands Holdings Corp from C$90.00 to C$92.00 and gave the company a hold rating in a report on Tuesday, May 16th. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of Hold and a consensus price target of C$79.29.

Shares of Premium Brands Holdings Corp (TSE PBH) opened at 99.35 on Tuesday. Premium Brands Holdings Corp has a 12-month low of $59.12 and a 12-month high of $102.01. The stock’s 50 day moving average price is $92.63 and its 200-day moving average price is $85.28. The firm has a market capitalization of $2.97 billion and a P/E ratio of 35.61.

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The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Friday, September 29th will be issued a dividend of $0.42 per share. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $1.68 annualized dividend and a dividend yield of 1.69%.

In other Premium Brands Holdings Corp news, Director John Stephen Beliveau sold 1,500 shares of the business’s stock in a transaction dated 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 Premium Brands Holdings Corp stock in a transaction on Wednesday, August 16th. The stock was purchased at an average price of C$99.60 per share, for a total transaction of C$27,390.00.

About Premium Brands Holdings Corp

Premium Brands Holdings Corporation manufactures and distributes food products in Canada and the United States. It operates through two segments, Specialty Foods and Premium Food Distribution. The company provides premium and natural processed meat products, specialty deli products, meat snacks, beef jerky and halal products, sandwiches, pastries, specialty and gourmet products, salads and kettle products, entres, panini products, wraps, subs, hamburgers, burgers, muffins, breads, specialty pastas, and sushi products.

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

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