Stifel Nicolaus Upgrades Premium Brands (OTCMKTS:PRBZF) to “Buy”

Stifel Nicolaus upgraded shares of Premium Brands (OTCMKTS:PRBZF) from a hold rating to a buy rating in a report issued on Wednesday morning, Briefing.com reports.

PRBZF has been the subject of several other reports. BMO Capital Markets boosted their price objective on shares of Premium Brands from C$117.00 to C$124.00 in a research note on Tuesday, August 15th. National Bank Financial lowered shares of Premium Brands from an outperform rating to a sector perform rating in a research note on Monday, August 14th. TD Securities lifted their price target on shares of Premium Brands from C$125.00 to C$135.00 in a research report on Tuesday, August 15th. Royal Bank of Canada lifted their price target on shares of Premium Brands from C$104.00 to C$110.00 in a research report on Tuesday, August 15th. Finally, Desjardins lifted their price target on shares of Premium Brands from C$110.00 to C$124.00 in a research report on Tuesday, August 15th.

Premium Brands Price Performance

Shares of PRBZF opened at $67.94 on Wednesday. The stock’s 50 day moving average is $70.00 and its two-hundred day moving average is $75.23. Premium Brands has a twelve month low of $60.64 and a twelve month high of $83.35.

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, and baking and sushi products.