Premium Brands (TSE:PBH) Sets New 1-Year Low – Here’s What Happened

Shares of Premium Brands Holdings Co. (TSE:PBH) hit a new 52-week low on Tuesday . The stock traded as low as C$80.05 and last traded at C$80.09, with a volume of 337097 shares. The stock had previously closed at C$80.70.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on PBH shares. TD cut their target price 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. Ventum Capital lifted their price target on Premium Brands from C$124.00 to C$128.00 and gave the stock a “buy” rating in a research note on Friday, May 8th. ATB Cormark Capital Markets lowered their price objective on Premium Brands from C$150.00 to C$130.00 and set an “outperform” rating for the company in a report on Friday, August 7th. Scotia cut their price objective on Premium Brands from C$110.00 to C$105.00 and set a “sector outperform” rating on the stock in a research note on Friday, August 7th. Finally, BMO Capital Markets cut their price objective on Premium Brands from C$118.00 to C$111.00 in a research note 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 issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of C$116.25.

Premium Brands Price Performance

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 stock has a market capitalization of C$4.22 billion, a price-to-earnings ratio of 49.54, a price-to-earnings-growth ratio of 1.10 and a beta of 0.90. The company has a 50-day simple moving average of C$87.23 and a two-hundred day simple moving average of C$90.03.

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 business had revenue of C$2.38 billion for the quarter. On average, equities research analysts predict 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.