Premium Brands (TSE:PBH) Sets New 1-Year Low – Time to Sell?

Premium Brands Holdings Co. (TSE:PBH) shares 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

Several analysts have recently weighed in on PBH shares. Desjardins reduced their price target on 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. Canaccord Genuity Group dropped their price target on shares of Premium Brands from C$123.00 to C$117.00 in a research note on Friday, August 7th. ATB Cormark Capital Markets reduced their price objective on shares of Premium Brands from C$150.00 to C$130.00 and set an “outperform” rating on the stock in a research note on Friday, August 7th. TD lowered their target price on Premium Brands from C$140.00 to C$130.00 and set a “buy” rating for the company in a research report on Friday, August 7th. Finally, Ventum cut their target price on Premium Brands from C$128.00 to C$127.00 and set a “buy” rating on the stock in a report on Friday, August 7th. One equities research 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 company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of C$116.25.

Premium Brands Price Performance

The company has a current ratio of 1.36, a quick ratio of 1.16 and a debt-to-equity ratio of 153.93. The business’s 50-day simple moving average is C$84.02 and its two-hundred day simple moving average is C$86.51. The firm has a market cap of C$3.94 billion, a price-to-earnings ratio of 46.24, a P/E/G ratio of 1.10 and a beta of 0.77.

Premium Brands (TSE:PBH) last posted its quarterly earnings data on Thursday, August 6th. The company reported C$1.53 EPS for the quarter. Premium Brands had a net margin of 1.01% and a return on equity of 4.19%. The company had revenue of C$2.38 billion for the quarter. As a group, research analysts expect that Premium Brands Holdings Co. will post 6.039823 EPS for the current fiscal 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.