Premium Brands (TSE:PBH) Hits New 1-Year Low - Here's What Happened

Premium Brands Holdings Co. (TSE:PBH - Get Free Report) hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as C$73.54 and last traded at C$74.08, with a volume of 36841 shares trading hands. The stock had previously closed at C$75.59.

Analysts Set New Price Targets

PBH has been the subject of several analyst reports. BMO Capital Markets boosted their price objective on shares of Premium Brands from C$94.00 to C$100.00 and gave the stock an "outperform" rating in a report on Monday, March 24th. Desjardins lowered their price objective on Premium Brands from C$95.00 to C$93.00 and set a "buy" rating on the stock in a research report on Monday, March 24th. National Bankshares decreased their price target on Premium Brands from C$99.00 to C$96.00 and set a "sector perform" rating on the stock in a report on Thursday, February 27th. Cibc World Mkts upgraded shares of Premium Brands from a "hold" rating to a "strong-buy" rating in a research report on Monday, April 7th. Finally, Ventum Financial increased their target price on Premium Brands from C$109.00 to C$120.00 and gave the company a "buy" rating in a research report on Monday, March 24th. Two analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Premium Brands has an average rating of "Moderate Buy" and an average target price of C$103.40.

Premium Brands Stock Up 2.4 %

The company has a market cap of C$3.34 billion, a price-to-earnings ratio of 33.41, a PEG ratio of 1.10 and a beta of 0.98. The firm's fifty day simple moving average is C$77.16 and its 200 day simple moving average is C$81.50. The company has a current ratio of 1.51, a quick ratio of 1.16 and a debt-to-equity ratio of 163.00.

About Premium Brands

Premium Brands Holdings Corporation, through its subsidiaries, manufactures and distributes food products primarily in Canada and the United States. It operates in two segments, Specialty Foods and Premium Food Distribution. The company provides processed meat, deli products, meat snacks, beef jerky and halal, sandwiches, pastries, specialty and gourmet products, entrees, panini, wraps, subs, hamburgers, burgers, salads and kettle products, muffins, breads, pastas, pizza, and baking and sushi products.