Premium Brands (TSE:PBH) Hits New 1-Year Low – Here’s What Happened

Premium Brands Holdings Co. (TSE:PBH) shares reached 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

Several equities research analysts have issued reports on PBH shares. BMO Capital Markets cut their price target on Premium Brands from C$111.00 to C$94.00 in a report on Thursday, November 7th. Stifel Nicolaus cut their target price on shares of Premium Brands from C$106.00 to C$101.00 in a research note on Thursday, November 7th. National Bankshares decreased their price target on shares of Premium Brands from C$99.00 to C$96.00 and set a “sector perform” rating on the stock in a research note on Thursday. CIBC cut their price objective on shares of Premium Brands from C$103.00 to C$90.00 in a research report on Thursday, November 7th. Finally, TD Securities decreased their target price on Premium Brands from C$129.00 to C$120.00 and set a “buy” rating on the stock in a research report on Thursday, November 7th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, Premium Brands presently has a consensus rating of “Moderate Buy” and an average target price of C$101.67.

Premium Brands Trading Down 1.5 %

The business’s 50-day moving average price is C$78.35 and its two-hundred day moving average price 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. The company has a market capitalization of C$3.41 billion, a price-to-earnings ratio of 34.09, a P/E/G ratio of 1.10 and a beta of 0.98.

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.