Premium Brands (TSE:PBH) Sets New 1-Year Low - Here's Why

Key Points

• Premium Brands shares hit a new 52-week low, falling to C$71.16 and last trading at C$71.25, down from the prior close of C$72.51.
• Analysts recently cut their price targets, though sentiment remains positive: the stock carries an average “Buy” rating and a consensus target of C$116.25.
• The company reported C$1.53 in quarterly EPS and C$2.38 billion in revenue, but its low 1.01% net margin and high 153.93 debt-to-equity ratio highlight financial pressures.

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$71.16 and last traded at C$71.25, with a volume of 240961 shares trading hands. The stock had previously closed at C$72.51.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. ATB Cormark Capital Markets dropped their price target on shares of Premium Brands from C$150.00 to C$130.00 and set an "outperform" rating for the company in a research report on Friday, August 7th. Desjardins lowered their price target on Premium Brands from C$120.00 to C$110.00 and set a "buy" rating on the stock in a research report on Friday, August 7th. National Bank Financial dropped their target price on shares of Premium Brands from C$108.00 to C$98.00 and set a "sector perform" rating for the company in a research report on Friday, August 7th. Canadian Imperial Bank of Commerce decreased their price objective on shares of Premium Brands from C$115.00 to C$100.00 and set a "strong-buy" rating on the stock in a research note on Friday, August 7th. Finally, Royal Bank Of Canada dropped their price objective on shares of Premium Brands from C$131.00 to C$120.00 and set an "outperform" rating for the company in a report 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's stock. Based on data from MarketBeat, Premium Brands currently has an average rating of "Buy" and an average price target of C$116.25.

Premium Brands Trading Down 1.7%

The business has a 50 day moving average of C$81.86 and a 200 day moving average of C$85.22. The firm has a market capitalization of C$3.70 billion, a price-to-earnings ratio of 43.45, a PEG 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 issued its earnings results on Thursday, August 6th. The company reported C$1.53 earnings per share (EPS) for the quarter. The firm had revenue of C$2.38 billion for the quarter. Premium Brands had a return on equity of 4.19% and a net margin of 1.01%. As a group, research analysts predict that Premium Brands Holdings Co. will post 6.039823 earnings per share 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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