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

Premium Brands Holdings Co. (TSE:PBH)’s stock price reached a new 52-week low during mid-day trading on Tuesday. The company traded as low as C$71.16 and last traded at C$71.25, with a volume of 240961 shares changing hands. The stock had previously closed at C$72.51.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on PBH shares. Ventum dropped their price target on 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. Canaccord Genuity Group decreased their price objective on shares of Premium Brands from C$123.00 to C$117.00 in a report on Friday, August 7th. Desjardins decreased their price objective on Premium Brands from C$120.00 to C$110.00 and set a “buy” rating on the stock in a research report on Friday, August 7th. Scotia dropped their price target on shares of Premium Brands from C$110.00 to C$105.00 and set a “sector outperform” rating for the company in a research note on Friday, August 7th. Finally, National Bank Financial reduced their target price on Premium Brands from C$108.00 to C$98.00 and set a “sector perform” rating on the stock in a report on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Premium Brands currently has an average rating of “Buy” and an average 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 stock’s 50-day moving average is C$81.04 and its 200 day moving average is C$84.88. The firm has a market cap of C$3.67 billion, a P/E ratio of 43.07, a PEG ratio of 1.10 and a beta of 0.77.

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. 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. On average, research analysts predict that Premium Brands Holdings Co. will post 6.039823 earnings per share 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.