Premium Brands (OTCMKTS:PRBZF) Trading 6% Higher

Shares of Premium Brands Holdings Co. (OTCMKTS:PRBZF) were up 6% on Wednesday . The stock traded as high as $68.75 and last traded at $68.75. Approximately 3,898 shares changed hands during trading, an increase of 23% from the average daily volume of 3,157 shares. The stock had previously closed at $64.87.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on PRBZF. BMO Capital Markets decreased their price objective on Premium Brands from $117.00 to $115.00 and set an “outperform” rating for the company in a report on Monday, March 18th. Royal Bank of Canada reduced their target price on shares of Premium Brands from $103.00 to $99.00 and set a “sector perform” rating for the company in a research note on Monday, March 18th. Finally, CIBC dropped their price target on shares of Premium Brands from $102.00 to $97.00 and set a “neutral” rating on the stock in a research note on Monday, March 18th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, Premium Brands currently has a consensus rating of “Hold” and a consensus target price of $114.00.

Premium Brands Price Performance

The business’s fifty day moving average price is $65.45 and its 200-day moving average price is $66.87.

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.