Cott (TSE:PRM) Shares Up 4.1% – Time to Buy?

Cott Corp. (TSE:PRM) shares shot up 4.1% during mid-day trading on Tuesday . The company traded as high as C$14.60 and last traded at C$14.60. 3,899 shares were traded during mid-day trading, an increase of 159% from the average session volume of 1,507 shares. The stock had previously closed at C$14.03.

Analyst Ratings Changes

Separately, Jefferies Financial Group upgraded Cott to a “hold” rating in a research report on Friday, October 17th. Three analysts have rated the stock with a Strong Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy”.

Cott Stock Up 4.1%

The stock has a market cap of C$17.75 million, a PE ratio of -7.49 and a beta of -0.34. The company has a fifty day moving average price of C$13.92 and a 200 day moving average price of C$12.68.

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.