Premium Brands (OTCMKTS:PRBZF) Stock Price Down 0.4% – What’s Next?

Premium Brands Holdings Co. (OTCMKTS:PRBZF) shares were down 0.4% on Thursday . The company traded as low as $76.35 and last traded at $76.35. Approximately 2,808 shares traded hands during trading, a decline of 75% from the average daily volume of 11,455 shares. The stock had previously closed at $76.68.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on PRBZF shares. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Premium Brands in a research report on Thursday, December 18th. National Bank Financial reissued a “sector perform” rating on shares of Premium Brands in a research note on Monday, November 3rd. Scotiabank raised Premium Brands from a “sector perform” rating to an “outperform” rating in a research report on Thursday, December 18th. Finally, TD Securities reiterated a “buy” rating on shares of Premium Brands in a report on Thursday, December 18th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

Premium Brands Trading Down 0.4%

The business has a fifty day simple moving average of $72.66 and a two-hundred day simple moving average of $69.46.

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.