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

Premium Brands Holdings Co. (TSE:PBH) shares reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as C$79.20 and last traded at C$79.20, with a volume of 19641 shares. The stock had previously closed at C$79.88.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Canadian Imperial Bank of Commerce lowered their target price on Premium Brands from C$115.00 to C$100.00 and set a “strong-buy” rating for the company in a report on Friday, August 7th. Ventum cut their price target on shares of Premium Brands from C$128.00 to C$127.00 and set a “buy” rating on the stock in a research note on Friday, August 7th. BMO Capital Markets reduced their price target on shares of Premium Brands from C$118.00 to C$111.00 in a research report on Friday, August 7th. Canaccord Genuity Group lowered their price objective on shares of Premium Brands from C$123.00 to C$117.00 in a research note on Friday, August 7th. Finally, Desjardins dropped their price objective on shares of Premium Brands from C$120.00 to C$110.00 and set a “buy” rating for the company in a report on Friday, August 7th. One research 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. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of C$116.25.

Premium Brands Trading Down 0.5%

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 business’s 50 day moving average is C$86.78 and its 200 day moving average is C$89.71. The stock has a market cap of C$4.13 billion, a price-to-earnings ratio of 48.48, a P/E/G ratio of 1.10 and a beta of 0.90.

Premium Brands (TSE:PBH) last posted its earnings results on Thursday, August 6th. The company reported C$1.53 EPS 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. As a group, equities analysts expect that Premium Brands Holdings Co. will post 6.039823 earnings per share for the current fiscal 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.