Premium Brands (TSE:PBH) Reaches New 52-Week Low – Here’s What Happened

Premium Brands Holdings Co. (TSE:PBH)’s share price hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as C$78.00 and last traded at C$78.29, with a volume of 10621 shares changing hands. The stock had previously closed at C$78.75.

Analyst Ratings Changes

PBH has been the topic of a number of research reports. TD dropped their price objective on Premium Brands from C$140.00 to C$130.00 and set a “buy” rating on the stock in a report on Friday, August 7th. Desjardins reduced their target price on shares of Premium Brands from C$120.00 to C$110.00 and set a “buy” rating for the company in a research note on Friday, August 7th. ATB Cormark Capital Markets decreased their target price on shares of 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. National Bank Financial decreased their target price on shares of Premium Brands from C$108.00 to C$98.00 and set a “sector perform” rating for the company in a research report on Friday, August 7th. Finally, BMO Capital Markets dropped their price target on shares of Premium Brands from C$118.00 to C$111.00 in a research note on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of C$116.25.

Premium Brands Stock Performance

The company has a debt-to-equity ratio of 153.93, a quick ratio of 1.16 and a current ratio of 1.36. The company has a market cap of C$4.04 billion, a P/E ratio of 47.38, a P/E/G ratio of 1.10 and a beta of 0.77. The firm has a 50 day moving average price of C$85.18 and a 200-day moving average price of C$87.74.

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