Premium Brands (OTCMKTS:PRBZF) Trading Up 6%

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

Wall Street Analysts Forecast Growth

PRBZF has been the topic of a number of recent research reports. CIBC decreased their price objective on Premium Brands from $102.00 to $97.00 and set a “neutral” rating on the stock in a report on Monday, March 18th. BMO Capital Markets reduced their target price on Premium Brands from $117.00 to $115.00 and set an “outperform” rating on the stock in a report on Monday, March 18th. Finally, Royal Bank of Canada dropped their price target on Premium Brands from $103.00 to $99.00 and set a “sector perform” rating for the company in a report 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’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $114.00.

Premium Brands Stock Performance

The firm’s 50-day simple moving average is $65.45 and its 200 day simple moving average is $66.87.

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.