Premium Brands (OTCMKTS:PRBZF) Shares Down 1.7% – Here’s Why

Premium Brands Holdings Co. (OTCMKTS:PRBZF) shares fell 1.7% during mid-day trading on Thursday. The stock traded as low as $48.80 and last traded at $48.85. 43,825 shares changed hands during mid-day trading, an increase of 106% from the average session volume of 21,232 shares. The stock had previously closed at $49.69.

Analyst Upgrades and Downgrades

PRBZF has been the subject of several research analyst reports. BMO Capital Markets reaffirmed an “outperform” rating on shares of Premium Brands in a research note on Friday, August 7th. TD Securities reissued a “buy” rating on shares of Premium Brands in a research note on Friday, August 7th. Finally, Royal Bank Of Canada restated an “outperform” rating on shares of Premium Brands in a report on Friday, August 7th. Five analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, Premium Brands presently has a consensus rating of “Moderate Buy”.

Premium Brands Stock Down 1.7%

The stock has a 50 day moving average price of $57.92 and a two-hundred day moving average price of $61.01.

About Premium Brands

Premium Brands Holdings Corporation is a Canadian food manufacturing and distribution company that develops, produces, markets and distributes specialty food products. Its portfolio includes prepared and processed meats, deli products, sandwiches, bakery items, seafood, charcuterie, snack foods and other convenience-oriented foods.

The company sells products under a range of proprietary and partner brands through grocery retailers, foodservice operators, restaurants and other institutional customers.