Cott (TSE:PRM) Trading Up 1.4% – Here’s Why

Cott Corp. (TSE:PRM)’s share price shot up 1.4% during trading on Monday . The stock traded as high as C$14.48 and last traded at C$14.25. 3,009 shares were traded during mid-day trading, an increase of 75% from the average session volume of 1,717 shares. The stock had previously closed at C$14.05.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group raised Cott to a “hold” rating in a research report on Friday, October 17th. Three equities research analysts have rated the stock with a Strong Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy”.

Cott Stock Performance

The stock’s 50 day moving average is C$13.56 and its 200 day moving average is C$12.34. The company has a market capitalization of C$17.33 million, a PE ratio of -7.31 and a beta of -0.34.

Cott Company Profile

The investment objectives for the Preferred shares are to provide their holders with fixed cumulative preferential quarterly cash distributions in the amount of $0.125 per Preferred share. Fund will invest in an initially equally-weighted portfolio comprised of Equity Securities of ten issuers, selected by the Portfolio Manager from the Investable Universe, that at the time of investment and immediately following each semi-annual reconstitution and rebalancing are listed on a North American exchange pay a dividend and have options in respect of its Equity Securities that, in the opinion of the Portfolio Manager, are sufficiently liquid to permit the Portfolio Manager to write options in respect of such securities.