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

Shares of Premium Brands Holdings Co. (TSE:PBH) hit a new 52-week low on Tuesday . The stock traded as low as C$73.54 and last traded at C$74.08, with a volume of 36841 shares traded. The stock had previously closed at C$75.59.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Raymond James set a C$100.00 price target on Premium Brands and gave the company an “outperform” rating in a research note on Thursday, December 19th. Scotiabank raised shares of Premium Brands to a “hold” rating in a research report on Tuesday, April 1st. Ventum Financial boosted their target price on shares of Premium Brands from C$109.00 to C$120.00 and gave the stock a “buy” rating in a research report on Monday, March 24th. National Bankshares cut 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, February 27th. Finally, Desjardins lowered their price objective on shares of Premium Brands from C$95.00 to C$93.00 and set a “buy” rating for the company in a research note on Monday, March 24th. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of C$103.40.

Premium Brands Price Performance

The company has a quick ratio of 1.16, a current ratio of 1.51 and a debt-to-equity ratio of 163.00. The stock’s 50 day moving average price is C$77.59 and its two-hundred day moving average price is C$82.22. The stock has a market cap of C$3.25 billion, a price-to-earnings ratio of 32.51, a price-to-earnings-growth ratio of 1.10 and a beta of 0.98.

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.