Premium Brands (OTCMKTS:PRBZF) Shares Down 1.9%

Premium Brands Holdings Co. (OTCMKTS:PRBZF) shares dropped 1.9% during trading on Wednesday . The stock traded as low as $60.57 and last traded at $60.57. Approximately 1,465 shares changed hands during trading, a decline of 40% from the average daily volume of 2,424 shares. The stock had previously closed at $61.77.

Analyst Upgrades and Downgrades

PRBZF has been the topic of several analyst reports. BMO Capital Markets lowered their target price on Premium Brands from $117.00 to $115.00 and set an “outperform” rating on the stock in a research note on Monday, March 18th. Royal Bank of Canada dropped their price objective on shares of Premium Brands from $103.00 to $99.00 and set a “sector perform” rating on the stock in a research note on Monday, March 18th. Finally, CIBC reduced their target price on shares of Premium Brands from $102.00 to $97.00 and set a “neutral” rating for the company in a research note 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. According to data from MarketBeat.com, Premium Brands has an average rating of “Hold” and an average target price of $116.00.

Premium Brands Trading Down 1.9 %

The stock has a fifty day moving average of $66.21 and a two-hundred day moving average of $67.72.

Premium Brands Company Profile

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.