Premium Brands (OTCMKTS:PRBZF) Trading Up 0.9% – Still a Buy?

Premium Brands Holdings Co. (OTCMKTS:PRBZF)’s stock price rose 0.9% during trading on Monday . The stock traded as high as $64.78 and last traded at $64.63. Approximately 27,695 shares traded hands during trading, an increase of 58% from the average session volume of 17,544 shares. The stock had previously closed at $64.0340.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. BMO Capital Markets reiterated an “outperform” rating on shares of Premium Brands in a report on Friday, May 8th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Premium Brands in a research note on Friday, May 8th. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Premium Brands in a research report on Friday, May 8th. Finally, Scotiabank reissued an “outperform” rating on shares of Premium Brands in a research note on Friday, May 8th. Five investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

Premium Brands Stock Performance

The business’s 50 day simple moving average is $62.88 and its two-hundred day simple moving average is $66.57.

About Premium Brands

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.