Premium Brands (TSE:PBH) Hits New 52-Week Low – Here’s Why

Premium Brands Holdings Co. (TSE:PBH) shares hit a new 52-week low on Monday . The company traded as low as C$0.01 and last traded at C$77.58, with a volume of 13198 shares changing hands. The stock had previously closed at C$77.72.

Wall Street Analyst Weigh In

PBH has been the subject of several research reports. National Bankshares lowered their price objective on shares of Premium Brands from C$99.00 to C$96.00 and set a “sector perform” rating for the company in a research report on Thursday. Raymond James set a C$100.00 target price on Premium Brands and gave the stock an “outperform” rating in a report on Thursday, December 19th. Royal Bank of Canada dropped their price target on Premium Brands from C$100.00 to C$96.00 in a research note on Thursday, November 7th. TD Securities reduced their price objective on Premium Brands from C$129.00 to C$120.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. Finally, CIBC dropped their target price on Premium Brands from C$103.00 to C$90.00 in a research report on Thursday, November 7th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$101.67.

Premium Brands Stock Down 1.5 %

The firm has a market capitalization of C$3.41 billion, a P/E ratio of 34.09, a PEG ratio of 1.10 and a beta of 0.98. The firm’s 50 day moving average is C$78.35 and its two-hundred day moving average is C$83.92. The company has a debt-to-equity ratio of 163.00, a current ratio of 1.51 and a quick ratio of 1.16.

About Premium Brands

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.