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

Key Points

• Premium Brands shares fell to a new 52-week low of C$78.00 and last traded at C$78.29, down from the prior close of C$78.75.
• Analysts have recently reduced 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 revenue of C$2.38 billion and EPS of C$1.53, while its high debt-to-equity ratio of 153.93 and low net margin of 1.01% remain notable financial risks.

Premium Brands Holdings Co. (TSE:PBH - Get Free Report)'s share price hit a new 52-week low during trading on Tuesday . The company traded as low as C$78.00 and last traded at C$78.29, with a volume of 10621 shares traded. The stock had previously closed at C$78.75.

Analyst Ratings Changes

A number of analysts recently weighed in on PBH shares. ATB Cormark Capital Markets cut their target price on shares of Premium Brands from C$150.00 to C$130.00 and set an "outperform" rating on the stock in a research note on Friday, August 7th. Desjardins lowered their price target on shares of Premium Brands from C$120.00 to C$110.00 and set a "buy" rating for the company in a report on Friday, August 7th. National Bank Financial dropped their price objective on shares of Premium Brands from C$108.00 to C$98.00 and set a "sector perform" rating on the stock in a research report on Friday, August 7th. Ventum reduced their price objective on shares of Premium Brands from C$128.00 to C$127.00 and set a "buy" rating on the stock in a report on Friday, August 7th. Finally, Royal Bank Of Canada decreased 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 research report on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of C$116.25.

Premium Brands Stock Down 0.2%

The firm has a market capitalization of C$4.09 billion, a PE ratio of 47.92, a PEG ratio of 1.10 and a beta of 0.77. The business's fifty day moving average price is C$85.44 and its 200 day moving average price is C$88.12. The company has a quick ratio of 1.16, a current ratio of 1.36 and a debt-to-equity ratio of 153.93.

Premium Brands (TSE:PBH - Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The company reported C$1.53 earnings per share (EPS) for the quarter. Premium Brands had a return on equity of 4.19% and a net margin of 1.01%.The firm had revenue of C$2.38 billion for the quarter. On average, equities research analysts forecast that Premium Brands Holdings Co. will post 6.039823 earnings per share 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.

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