Premium Brands (OTCMKTS:PRBZF) Stock Price Up 0.7% – Here’s What Happened

Premium Brands Holdings Co. (OTCMKTS:PRBZF)’s share price rose 0.7% during mid-day trading on Thursday . The company traded as high as $68.99 and last traded at $68.97. Approximately 44,043 shares traded hands during trading, an increase of 228% from the average daily volume of 13,442 shares. The stock had previously closed at $68.52.

Wall Street Analysts Forecast Growth

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

Premium Brands Stock Up 0.7%

The firm has a fifty day moving average of $71.45 and a 200-day moving average of $68.46.

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.