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

Key Points

• Premium Brands shares fell to a new 52-week low of C$80.05, below both their 50-day and 200-day moving averages, amid notable trading volume.
• Analysts have recently reduced their price targets, but sentiment remains positive: the stock has an average “Buy” rating and a consensus target of C$116.25, roughly above its recent price.
• The company reported quarterly EPS of C$1.53 on C$2.38 billion in revenue, but profitability was modest, with a 1.01% net margin and 4.19% return on equity; its debt-to-equity ratio was elevated at 153.93.

Premium Brands Holdings Co. (TSE:PBH - Get Free Report)'s share price 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.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Canaccord Genuity Group cut their target price on shares of Premium Brands from C$123.00 to C$117.00 in a research note on Friday, August 7th. Scotia decreased their price target on Premium Brands from C$110.00 to C$105.00 and set a "sector outperform" rating on the stock in a research report on Friday, August 7th. National Bank Financial dropped their price target on Premium Brands from C$108.00 to C$98.00 and set a "sector perform" rating for the company in a report on Friday, August 7th. TD cut their price objective on Premium Brands from C$140.00 to C$130.00 and set a "buy" rating for the company in a research report on Friday, August 7th. Finally, Ventum Financial set a C$124.00 price objective on Premium Brands and gave the company a "buy" rating in a research report on Wednesday, April 22nd. One equities 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's stock. According to data from MarketBeat.com, Premium Brands currently has an average rating of "Buy" and an average target price of C$116.25.

Premium Brands Stock Performance

The stock's 50 day simple moving average is C$87.46 and its two-hundred day simple moving average is C$90.21. The company has a market capitalization of C$4.16 billion, a P/E ratio of 48.84, a P/E/G ratio of 1.10 and a beta of 0.90. The company has a debt-to-equity ratio of 153.93, a current ratio of 1.36 and a quick ratio of 1.16.

Premium Brands (TSE:PBH - Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The company reported C$1.53 EPS for the quarter. The business had revenue of C$2.38 billion for the quarter. Premium Brands had a net margin of 1.01% and a return on equity of 4.19%. 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 Holdings Corp is engaged in specialty food manufacturing, premium food distribution, and wholesale businesses with operations in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Quebec, Nevada, and Washington State. The company's business segments include Specialty Foods, Premium Food Distribution, and Corporate. The Specialty Foods segment consists of its specialty food manufacturing businesses, which contributes about two-thirds of the group revenue; the Premium Food Distribution segment consists of the company's distribution and wholesale businesses; the Corporate segment includes the company's head office activities along with its finance and information systems.

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