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Equities research analysts at Noble Financial started coverage on shares of Primo Water (NASDAQ:PRMW) in a research note issued to investors on Tuesday. The firm set a “buy” rating and a $6.50 price target on the stock. Noble Financial’s target price would suggest a potential upside of 40.09% from the company’s current price.

Primo Water (NASDAQ:PRMW) traded up 1.53% on Tuesday, hitting $4.64. 39,453 shares of the company’s stock traded hands. Primo Water has a 52-week low of $2.17 and a 52-week high of $5.00. The stock’s 50-day moving average is $4.63 and its 200-day moving average is $4.1. The company’s market cap is $113.4 million.

Separately, analysts at Lake Street Capital initiated coverage on shares of Primo Water in a research note on Wednesday, August 27th. They set a “buy” rating and a $6.50 price target on the stock.

Primo Water Corporation is a provider of three- and five-gallon purified bottled water and water dispensers sold through retailers.

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