Premium Brands (TSE:PBH) Reaches New 12-Month Low – What’s Next?

Premium Brands Holdings Co. (TSE:PBH)’s share price hit a new 52-week low on Thursday . The stock traded as low as C$80.90 and last traded at C$81.38, with a volume of 329644 shares. The stock had previously closed at C$94.84.

Wall Street Analyst Weigh In

A number of research analysts recently commented on PBH shares. Scotia boosted their price target on Premium Brands from C$100.00 to C$110.00 and gave the stock a “sector outperform” rating in a report on Friday, May 8th. Royal Bank Of Canada lifted their price objective on Premium Brands from C$129.00 to C$131.00 and gave the stock an “outperform” rating in a research note on Friday, May 8th. Ventum Financial set a C$124.00 target price on Premium Brands and gave the company a “buy” rating in a research report on Wednesday, April 22nd. Canadian Imperial Bank of Commerce raised their target price on shares of Premium Brands from C$110.00 to C$115.00 in a report on Friday, May 8th. Finally, Stifel Nicolaus set a C$117.00 price target on shares of Premium Brands and gave the company a “buy” rating in a research note on Monday, July 20th. Eleven equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, Premium Brands presently has an average rating of “Moderate Buy” and a consensus price target of C$118.62.

Premium Brands Price Performance

The firm has a market capitalization of C$4.18 billion, a PE ratio of 89.41, a P/E/G ratio of 1.10 and a beta of 0.90. The company has a debt-to-equity ratio of 163.05, a quick ratio of 1.16 and a current ratio of 1.28. The stock has a fifty day moving average price of C$88.60 and a 200-day moving average price of C$91.02.

Premium Brands (TSE:PBH) last announced its earnings results on Thursday, August 6th. The company reported C$1.53 earnings per share for the quarter. Premium Brands had a return on equity of 2.21% and a net margin of 0.52%.The firm had revenue of C$2.38 billion for the quarter. Sell-side analysts forecast that Premium Brands Holdings Co. will post 6.039823 EPS for the current fiscal year.

Premium Brands Company Profile

Premium Brands Holdings Corp is engaged in specialty food manufacturing, premium food distribution, and wholesale businesses with operations in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Quebec, Nevada, and Washington State. The company’s business segments include Specialty Foods, Premium Food Distribution, and Corporate. The Specialty Foods segment consists of its specialty food manufacturing businesses, which contributes about two-thirds of the group revenue; the Premium Food Distribution segment consists of the company’s distribution and wholesale businesses; the Corporate segment includes the company’s head office activities along with its finance and information systems.