Premium Brands (OTCMKTS:PRBZF) Trading Down 1% – Here’s What Happened

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

Analyst Ratings Changes

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

Premium Brands Stock Down 1.0%

The business’s fifty day moving average is $69.77 and its 200-day moving average is $67.31.

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.