Premium Brands (OTCMKTS:PRBZF) Shares Up 5.5% – Here’s Why

Premium Brands Holdings Co. (OTCMKTS:PRBZF)’s share price rose 5.5% on Thursday . The company traded as high as $73.68 and last traded at $73.68. Approximately 787 shares changed hands during mid-day trading, a decline of 91% from the average daily volume of 8,777 shares. The stock had previously closed at $69.8406.

Analyst Ratings Changes

PRBZF has been the subject of several analyst reports. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Premium Brands in a report on Thursday. TD Securities reissued a “buy” rating on shares of Premium Brands in a research note on Thursday. Scotiabank upgraded Premium Brands from a “sector perform” rating to an “outperform” rating in a research note on Thursday. Finally, National Bankshares reaffirmed a “sector perform” rating on shares of Premium Brands in a report on Monday, November 3rd. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

Premium Brands Price Performance

The business’s 50-day moving average is $68.21 and its 200 day moving average is $65.82.

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.