Premium Brands (TSE:PBH) Sets New 52-Week Low – Should You Sell?

Premium Brands Holdings Co. (TSE:PBH) shares reached a new 52-week low on Tuesday . The company traded as low as C$80.05 and last traded at C$80.09, with a volume of 337097 shares. The stock had previously closed at C$80.70.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Ventum reduced their price objective on shares of Premium Brands from C$128.00 to C$127.00 and set a “buy” rating on the stock in a research note on Friday, August 7th. Scotia cut their price target 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. Stifel Nicolaus reduced their price target on Premium Brands from C$117.00 to C$105.00 and set a “buy” rating on the stock in a research report on Friday, August 7th. National Bank Financial decreased their price objective 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, Ventum Capital upped their price objective on Premium Brands from C$124.00 to C$128.00 and gave the company a “buy” rating in a report on Friday, May 8th. One equities research 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, Premium Brands presently has an average rating of “Buy” and an average target price of C$116.25.

Premium Brands Price Performance

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 stock has a market cap of C$4.16 billion, a P/E ratio of 48.84, a P/E/G ratio of 1.10 and a beta of 0.90. The company’s 50 day simple moving average is C$87.46 and its 200 day simple moving average is C$90.21.

Premium Brands (TSE:PBH) last posted its earnings results on Thursday, August 6th. The company reported C$1.53 earnings per share for the quarter. The company 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 analysts forecast that Premium Brands Holdings Co. will post 6.039823 earnings per share for the current year.

About Premium Brands

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.