Premium Brands (TSE:PBH) Reaches New 12-Month Low – Should You Sell?

Premium Brands Holdings Co. (TSE:PBH)’s share price hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as C$75.25 and last traded at C$75.55, with a volume of 13629 shares trading hands. The stock had previously closed at C$75.79.

Analyst Ratings Changes

Several analysts have issued reports on PBH shares. BMO Capital Markets cut their target price on Premium Brands from C$118.00 to C$111.00 in a research note on Friday, August 7th. Royal Bank Of Canada decreased their target price on shares of Premium Brands from C$131.00 to C$120.00 and set an “outperform” rating on the stock in a research report on Friday, August 7th. TD cut 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. National Bank Financial lowered their target price on Premium Brands from C$108.00 to C$98.00 and set a “sector perform” rating for the company in a research note on Friday, August 7th. Finally, Desjardins lowered their price objective on Premium Brands from C$120.00 to C$110.00 and set a “buy” rating for the company in a research report on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of C$116.25.

Premium Brands Stock Performance

The company has a 50 day moving average of C$83.26 and a two-hundred day moving average of C$85.95. 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 company has a market capitalization of C$3.92 billion, a PE ratio of 45.99, a PEG ratio of 1.10 and a beta of 0.77.

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