Premium Brands (TSE:PBH) Hits New 1-Year Low – Here’s Why

Premium Brands Holdings Co. (TSE:PBH)’s stock price hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as C$75.60 and last traded at C$75.68, with a volume of 83968 shares traded. The stock had previously closed at C$75.71.

Wall Street Analyst Weigh In

PBH has been the subject of several recent analyst reports. Stifel Nicolaus lowered their price target on Premium Brands from C$117.00 to C$105.00 and set a “buy” rating for the company in a report on Friday, August 7th. Desjardins cut their price objective on shares of Premium Brands from C$120.00 to C$110.00 and set a “buy” rating on the stock in a 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 on the stock in a research report 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. Finally, Ventum lowered their target price on shares of Premium Brands from C$128.00 to C$127.00 and set a “buy” rating for the company in a report on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Premium Brands has an average rating of “Buy” and a consensus target price of C$116.25.

Premium Brands Trading Up 0.0%

The firm has a market capitalization of C$3.94 billion, a price-to-earnings ratio of 46.18, a P/E/G ratio of 1.10 and a beta of 0.77. 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 business has a fifty day moving average price of C$84.46 and a 200 day moving average price of C$86.93.

Premium Brands (TSE:PBH) last issued 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 4.19% and a net margin of 1.01%.The firm had revenue of C$2.38 billion for the quarter. 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 owns a broad range of leading specialty food manufacturing and differentiated food distribution businesses with operations across Canada and the United States.