Premium Brands (OTCMKTS:PRBZF) Stock Price Down 1.9%

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

Analyst Ratings Changes

Several brokerages recently weighed in on PRBZF. Royal Bank of Canada decreased their price objective on Premium Brands from $103.00 to $99.00 and set a “sector perform” rating for the company in a report on Monday, March 18th. 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. Finally, BMO Capital Markets dropped their price target on shares of Premium Brands from $117.00 to $115.00 and set an “outperform” rating on the stock in a research note on Monday, March 18th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, Premium Brands presently has an average rating of “Hold” and an average target price of $116.00.

Premium Brands Stock Performance

The company has a 50-day moving average of $66.21 and a 200-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.