Premium Brands (TSE:PBH) Hits 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$78.73 and last traded at C$78.73, with a volume of 20764 shares trading hands. The stock had previously closed at C$79.99.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on PBH. Canaccord Genuity Group cut their price target on Premium Brands from C$123.00 to C$117.00 in a report on Friday, August 7th. ATB Cormark Capital Markets reduced their target price on Premium Brands from C$150.00 to C$130.00 and set an “outperform” rating for the company in a research report on Friday, August 7th. TD decreased their price target on shares of Premium Brands from C$140.00 to C$130.00 and set a “buy” rating on the stock in a research note on Friday, August 7th. Scotia lowered 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 report on Friday, August 7th. Finally, Canadian Imperial Bank of Commerce dropped their price objective on shares of Premium Brands from C$115.00 to C$100.00 and set a “strong-buy” rating for the company in a research note on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of C$116.25.

Premium Brands Stock Performance

The stock’s 50 day simple moving average is C$86.24 and its two-hundred day simple moving average is C$89.14. 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 company has a market capitalization of C$4.10 billion, a P/E ratio of 48.09, a P/E/G ratio of 1.10 and a beta of 0.90.

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