Premium Brands (TSE:PBH) Hits New 12-Month Low - Here's Why

Premium Brands Holdings Co. (TSE:PBH - Get Free Report)'s stock price reached a new 52-week low during mid-day trading on Monday . The stock traded as low as C$74.10 and last traded at C$75.92, with a volume of 30306 shares traded. The stock had previously closed at C$78.59.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on PBH shares. National Bankshares raised their target price on shares of Premium Brands from C$101.00 to C$109.00 and gave the company a "sector perform" rating in a report on Thursday, October 24th. Raymond James set a C$100.00 price objective on Premium Brands and gave the stock an "outperform" rating in a research report on Thursday, December 19th. Stifel Nicolaus lowered their target price on Premium Brands from C$106.00 to C$101.00 in a report on Thursday, November 7th. 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. Finally, CIBC dropped their price objective on Premium Brands from C$103.00 to C$90.00 in a research report on Thursday, November 7th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of C$103.11.

Premium Brands Trading Down 1.6 %

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 stock has a market capitalization of C$3.34 billion, a PE ratio of 29.65, a P/E/G ratio of 1.10 and a beta of 0.98. The business's fifty day moving average is C$79.45 and its 200-day moving average is C$85.76.

Premium Brands (TSE:PBH - Get Free Report) last released its quarterly earnings data on Wednesday, November 6th. The company reported C$1.11 earnings per share (EPS) for the quarter, missing the consensus estimate 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 quarter in the previous year, the company earned $1.27 EPS. As a group, analysts anticipate that Premium Brands Holdings Co. will post 6.039823 EPS for the current fiscal year.

Insider Transactions at Premium Brands

In related news, Director Johnny Ciampi bought 3,500 shares of the business's stock in a transaction dated Friday, November 8th. The shares were acquired at an average price of C$77.02 per share, for a total transaction of C$269,570.00. Company insiders own 2.01% of the company's stock.

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.