Premium Brands (OTCMKTS:PRBZF) Shares Down 1.9%

Premium Brands Holdings Co. (OTCMKTS:PRBZF) shares fell 1.9% during trading on Wednesday . The stock traded as low as $60.57 and last traded at $60.57. 1,465 shares changed 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.

Wall Street Analyst Weigh In

PRBZF has been the subject of a number of recent analyst reports. BMO Capital Markets dropped their price target on Premium Brands from $117.00 to $115.00 and set an “outperform” rating for the company in a report on Monday, March 18th. Royal Bank of Canada decreased their target price on Premium Brands from $103.00 to $99.00 and set a “sector perform” rating on the stock in a report on Monday, March 18th. Finally, CIBC cut their price target on Premium Brands from $102.00 to $97.00 and set a “neutral” rating for the company in a report on Monday, March 18th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Premium Brands has an average rating of “Hold” and a consensus price target of $116.00.

Premium Brands Price Performance

The stock has a 50-day simple moving average of $66.05 and a 200 day simple moving average of $67.67.

About Premium Brands

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.