Premium Brands (OTCMKTS:PRBZF) Trading Down 1% – Time to Sell?

Premium Brands Holdings Co. (OTCMKTS:PRBZF)’s stock price fell 1% on Thursday . The company traded as low as $72.58 and last traded at $72.58. 1,428 shares changed hands during trading, a decline of 91% from the average session volume of 15,357 shares. The stock had previously closed at $73.34.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Royal Bank Of Canada restated an “outperform” rating on shares of Premium Brands in a research note on Thursday, December 18th. National Bankshares reissued a “sector perform” rating on shares of Premium Brands in a report on Monday, November 3rd. Scotiabank upgraded Premium Brands from a “sector perform” rating to an “outperform” rating in a research report on Thursday, December 18th. Finally, TD Securities reaffirmed a “buy” rating on shares of Premium Brands in a research note on Thursday, December 18th. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Premium Brands Trading Down 0.9%

The business’s 50 day moving average price is $69.84 and its 200-day moving average price is $67.41.

Premium Brands Company Profile

Premium Brands Holdings Corp is a Canadian specialty food manufacturing and distribution company that develops, produces and markets a broad array of premium branded and private-label food products. The company serves retail, foodservice and take-home meal customers, offering a diverse portfolio that includes deli meats, fresh and frozen sandwiches, baked goods, seafood, plant-based proteins and artisanal cheeses. Premium Brands focuses on high-growth, value-added segments of the food industry where quality, convenience and innovation drive customer loyalty.

Through a strategy of organic development and targeted acquisitions, Premium Brands has assembled a network of production facilities and distribution centres across North America and selected international markets.