Premium Brands (TSE:PBH) Reaches New 12-Month Low – Here’s Why

Premium Brands Holdings Co. (TSE:PBHGet Free Report) hit 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 trading hands. The stock had previously closed at C$79.88.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Scotia decreased their target price 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 note on Friday, August 7th. Royal Bank Of Canada dropped their price target on Premium Brands from C$131.00 to C$120.00 and set an “outperform” rating for the company in a research report on Friday, August 7th. ATB Cormark Capital Markets cut their price target 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. Stifel Nicolaus cut 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, Ventum Capital lifted their price objective on Premium Brands from C$124.00 to C$128.00 and gave the stock a “buy” rating in a research report on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, Premium Brands currently has an average rating of “Buy” and an average target price of C$116.25.

Check Out Our Latest Analysis on PBH

Premium Brands Stock Performance

The firm’s fifty day moving average price is C$86.78 and its 200 day moving average price is C$89.71. 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 stock has a market capitalization of C$4.13 billion, a price-to-earnings ratio of 48.48, a price-to-earnings-growth ratio of 1.10 and a beta of 0.90.

Premium Brands (TSE:PBHGet Free Report) last posted its earnings results on Thursday, August 6th. The company reported C$1.53 earnings per share for the quarter. The firm had revenue of C$2.38 billion during the quarter. Premium Brands had a net margin of 1.01% and a return on equity of 4.19%. Analysts forecast that Premium Brands Holdings Co. will post 6.039823 EPS for the current fiscal year.

Premium Brands Company Profile

(Get Free Report)

Premium Brands owns a broad range of leading specialty food manufacturing and differentiated food distribution businesses with operations across Canada and the United States.

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