Premium Brands (TSE:PBH) Hits New 52-Week Low - Time to Sell?

Key Points

• Premium Brands shares hit a new 52-week low, falling to C$75.60 and trading below both their 50-day and 200-day moving averages.
• Analysts have lowered their price targets, but sentiment remains positive: the stock has a consensus “Buy” rating and an average target of C$116.25.
• The company reported quarterly EPS of C$1.53 on C$2.38 billion in revenue, but profitability remained modest, with a 1.01% net margin and 4.19% return on equity.

Premium Brands Holdings Co. (TSE:PBH - Get Free Report)'s stock price hit a new 52-week low during trading on Wednesday . The company traded as low as C$75.60 and last traded at C$75.68, with a volume of 83968 shares trading hands. The stock had previously closed at C$75.71.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. TD cut their price target on Premium Brands from C$140.00 to C$130.00 and set a "buy" rating for the company in a report on Friday, August 7th. Scotia decreased 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. Stifel Nicolaus decreased their price objective on Premium Brands from C$117.00 to C$105.00 and set a "buy" rating on the stock in a research note on Friday, August 7th. Canadian Imperial Bank of Commerce dropped their price objective on Premium Brands from C$115.00 to C$100.00 and set a "strong-buy" rating for the company in a research report on Friday, August 7th. Finally, Royal Bank Of Canada cut their target price on shares of Premium Brands from C$131.00 to C$120.00 and set an "outperform" rating for the company in a research note 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 stock has a consensus rating of "Buy" and an average target price of C$116.25.

Premium Brands Stock Performance

The stock's 50-day moving average is C$84.46 and its 200-day moving average is C$86.93. The stock has a market cap of C$3.94 billion, a price-to-earnings ratio of 46.18, a price-to-earnings-growth ratio of 1.10 and a beta of 0.77. 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 earnings results on Thursday, August 6th. The company reported C$1.53 EPS 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 anticipate that Premium Brands Holdings Co. will post 6.039823 EPS for the current fiscal 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.

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