Premium Brands (TSE:PBH) Hits New 1-Year Low – Time to Sell?

Premium Brands Holdings Co. (TSE:PBH) hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as C$79.20 and last traded at C$79.20, with a volume of 19641 shares changing hands. The stock had previously closed at C$79.88.

Analyst Ratings Changes

Several research firms have recently commented on PBH. Royal Bank Of Canada reduced their price target on Premium Brands from C$131.00 to C$120.00 and set an “outperform” rating for the company in a research report on Friday, August 7th. Canaccord Genuity Group cut their target price on Premium Brands from C$123.00 to C$117.00 in a research note on Friday, August 7th. TD decreased their price target on shares of Premium Brands from C$140.00 to C$130.00 and set a “buy” rating for the company in a research report on Friday, August 7th. Desjardins lowered their price target on shares of Premium Brands from C$120.00 to C$110.00 and set a “buy” rating on the stock in a report on Friday, August 7th. Finally, BMO Capital Markets cut their price objective on shares of Premium Brands from C$118.00 to C$111.00 in a research report on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of C$116.25.

Premium Brands Stock Up 0.2%

The company has a debt-to-equity ratio of 153.93, a current ratio of 1.36 and a quick ratio of 1.16. The business’s fifty day moving average price is C$86.50 and its two-hundred day moving average price is C$89.44. The stock has a market capitalization of C$4.14 billion, a PE ratio of 48.60, a price-to-earnings-growth ratio of 1.10 and a beta of 0.90.

Premium Brands (TSE:PBH) last issued its earnings results on Thursday, August 6th. The company reported C$1.53 earnings per share (EPS) for the quarter. Premium Brands had a return on equity of 4.19% and a net margin of 1.01%.The company had revenue of C$2.38 billion during the quarter. On average, equities research analysts forecast that Premium Brands Holdings Co. will post 6.039823 EPS for the current fiscal year.

Premium Brands Company Profile

Premium Brands owns a broad range of leading specialty food manufacturing and differentiated food distribution businesses with operations across Canada and the United States.