Premium Brands (TSE:PBH) Reaches New 12-Month Low – Time to Sell?

Premium Brands Holdings Co. (TSE:PBH)’s stock price reached a new 52-week low during trading on Monday. The company traded as low as C$69.15 and last traded at C$69.22, with a volume of 47351 shares trading hands. The stock had previously closed at C$69.89.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on PBH shares. TD decreased their price objective on shares of 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. National Bank Financial dropped 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 report on Friday, August 7th. Scotia cut their price target on shares of Premium Brands from C$110.00 to C$105.00 and set a “sector outperform” rating on the stock in a research report on Friday, August 7th. Stifel Nicolaus decreased 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. Finally, Canadian Imperial Bank of Commerce lowered their price objective on Premium Brands from C$115.00 to C$100.00 and set a “strong-buy” rating for the company in a research report on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of C$116.25.

Premium Brands Price Performance

The stock has a market capitalization of C$3.67 billion, a P/E ratio of 42.99, a PEG ratio of 1.10 and a beta of 0.84. 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 simple moving average of C$79.44 and a 200-day simple moving average of C$84.19.

Premium Brands (TSE:PBH) last released its quarterly earnings data on Thursday, August 6th. The company reported C$1.53 earnings per share 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 during the quarter. Sell-side analysts expect that Premium Brands Holdings Co. will post 6.039823 earnings per share 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.