Premium Brands (TSE:PBH) Sets New 52-Week Low – Here’s Why

Premium Brands Holdings Co. (TSE:PBH)’s stock price hit a new 52-week low on Monday . The company traded as low as C$78.73 and last traded at C$78.73, with a volume of 20764 shares trading hands. The stock had previously closed at C$79.99.

Wall Street Analysts Forecast Growth

PBH has been the topic of a number of research analyst reports. Royal Bank Of Canada dropped their price target on 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. Ventum Capital increased their price objective on Premium Brands from C$124.00 to C$128.00 and gave the stock a “buy” rating in a report on Friday, May 8th. Desjardins decreased their price objective on Premium Brands from C$120.00 to C$110.00 and set a “buy” rating for the company in a report on Friday, August 7th. Scotia cut their target price on Premium Brands from C$110.00 to C$105.00 and set a “sector outperform” rating on the stock in a research note on Friday, August 7th. Finally, ATB Cormark Capital Markets reduced their price target on Premium Brands from C$150.00 to C$130.00 and set an “outperform” rating for the company 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 given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of C$116.25.

Premium Brands Price Performance

The firm has a market capitalization of C$4.10 billion, a price-to-earnings ratio of 48.09, a price-to-earnings-growth ratio of 1.10 and a beta of 0.90. The business has a fifty day moving average of C$86.24 and a two-hundred day moving average of C$89.14. The company has a debt-to-equity ratio of 153.93, a quick ratio of 1.16 and a current ratio of 1.36.

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