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

Key Points

• Premium Brands fell to a new 52-week low of C$79.20, below its 50-day and 200-day moving averages of C$86.78 and C$89.71, respectively.
• 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, implying substantial upside from its current price.
• The company reported quarterly earnings of C$1.53 per share and revenue of C$2.38 billion, but its 1.01% net margin, 4.19% return on equity and high 153.93% debt-to-equity ratio highlight profitability and leverage concerns.

Premium Brands Holdings Co. (TSE:PBH - Get 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.

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:PBH - Get 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

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source