Premium Brands (OTCMKTS:PRBZF) Price Target Lowered to C$130.00 at Desjardins

Premium Brands (OTCMKTS:PRBZFGet Rating) had its price target lowered by Desjardins from C$150.00 to C$130.00 in a research report report published on Tuesday, The Fly reports.

Other analysts also recently issued research reports about the stock. BMO Capital Markets lowered their target price on shares of Premium Brands from C$142.00 to C$139.00 in a report on Monday, May 9th. National Bank Financial decreased their price objective on shares of Premium Brands from C$137.00 to C$136.00 in a report on Friday, July 22nd. Scotiabank decreased their price objective on shares of Premium Brands from C$145.00 to C$137.00 in a report on Tuesday, June 28th. Finally, TD Securities decreased their price objective on shares of Premium Brands from C$160.00 to C$150.00 in a report on Wednesday, June 29th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of Moderate Buy and an average target price of $138.67.

Premium Brands Trading Up 5.4 %

Shares of PRBZF stock opened at $77.30 on Tuesday. The firm has a 50-day moving average of $74.10 and a 200-day moving average of $81.87. Premium Brands has a one year low of $71.46 and a one year high of $109.37.

About Premium Brands

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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 meat products and snacks, deli products, beef jerky and halal, sandwiches, pastries, specialty and gourmet products, salads and kettle products, entrees, panini, wraps, subs, hamburgers, burgers, muffins, breads, pastas, and baking and sushi products, as well as processed meat products and ready-to-eat meals.

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