Premium Brands (TSE:PBH) Reaches New 12-Month Low – Here’s What Happened

Premium Brands Holdings Co. (TSE:PBH) reached a new 52-week low on Monday . The company traded as low as C$74.10 and last traded at C$75.92, with a volume of 30306 shares. The stock had previously closed at C$78.59.

Analyst Ratings Changes

A number of research analysts have recently commented on PBH shares. BMO Capital Markets dropped their price target on Premium Brands from C$111.00 to C$94.00 in a research note on Thursday, November 7th. CIBC cut their price target on Premium Brands from C$103.00 to C$90.00 in a research note on Thursday, November 7th. Royal Bank of Canada dropped their price objective on shares of Premium Brands from C$100.00 to C$96.00 in a report on Thursday, November 7th. Raymond James set a C$100.00 target price on shares of Premium Brands and gave the stock an “outperform” rating in a research report on Thursday, December 19th. Finally, Stifel Nicolaus decreased their price target on shares of Premium Brands from C$106.00 to C$101.00 in a research report on Thursday, November 7th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of C$103.11.

Premium Brands Stock Up 0.6 %

The stock’s 50-day simple moving average is C$79.48 and its 200 day simple moving average is C$85.88. The company has a quick ratio of 1.16, a current ratio of 1.56 and a debt-to-equity ratio of 161.28. The firm has a market cap of C$3.40 billion, a P/E ratio of 30.13, a PEG ratio of 1.10 and a beta of 0.98.

Premium Brands (TSE:PBH) last posted its quarterly earnings results on Wednesday, November 6th. The company reported C$1.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$1.36 by C($0.25). Premium Brands had a return on equity of 6.43% and a net margin of 1.78%. During the same period in the prior year, the firm earned $1.27 EPS. As a group, research analysts forecast that Premium Brands Holdings Co. will post 6.039823 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Johnny Ciampi bought 3,500 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The shares were bought at an average cost of C$77.02 per share, for a total transaction of C$269,570.00. 2.01% of the stock is owned by insiders.

Premium Brands Company Profile

Premium Brands Holdings Corporation, through its subsidiaries, manufactures and distributes food products primarily in Canada and the United States. It operates in two segments, Specialty Foods and Premium Food Distribution. The company provides processed meat, deli products, meat snacks, beef jerky and halal, sandwiches, pastries, specialty and gourmet products, entrees, panini, wraps, subs, hamburgers, burgers, salads and kettle products, muffins, breads, pastas, pizza, and baking and sushi products.