Liquor Stores N.A. Ltd (LIQ) Upgraded by CIBC to Outperform
Liquor Stores N.A. Ltd (TSE:LIQ) was upgraded by investment analysts at CIBC from a “neutral” rating to an “outperform” rating in a report released on Tuesday. The firm presently has a C$11.00 price objective on the stock, up from their prior price objective of C$10.00. CIBC’s price target suggests a potential upside of 13.40% from the company’s current price.
Several other analysts have also commented on LIQ. Scotiabank decreased their price objective on Liquor Stores N.A. from C$13.00 to C$12.00 and set an “outperform” rating for the company in a report on Friday, August 11th. Eight Capital upgraded Liquor Stores N.A. from a “neutral” rating to a “buy” rating and increased their price objective for the company from C$11.00 to C$13.00 in a report on Friday, August 11th. Finally, Royal Bank Of Canada decreased their price objective on Liquor Stores N.A. from C$11.00 to C$10.00 and set a “sector perform” rating for the company in a report on Friday, August 11th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Liquor Stores N.A. has an average rating of “Buy” and an average target price of C$11.50.
Shares of Liquor Stores N.A. (TSE:LIQ) traded up C$0.05 on Tuesday, hitting C$9.70. The stock had a trading volume of 63,383 shares, compared to its average volume of 59,574. Liquor Stores N.A. has a 12-month low of C$8.78 and a 12-month high of C$11.48.
In other news, Director John Robert Barnett bought 10,000 shares of the business’s stock in a transaction that occurred on Monday, August 28th. The shares were purchased at an average cost of C$7.23 per share, with a total value of C$72,300.00. Also, Director Richard Perkins bought 5,500 shares of the business’s stock in a transaction that occurred on Thursday, August 24th. The stock was purchased at an average cost of C$9.05 per share, for a total transaction of C$49,775.00. In the last quarter, insiders have bought 74,800 shares of company stock valued at $561,989.
Liquor Stores N.A. Company Profile
Liquor Stores NA Ltd is a Canada-based operator of retail liquor stores. The Company operates over 180 stores in Alberta, over 30 stores in British Columbia, over 20 stores in Alaska and over 10 stores in Kentucky. The Company’s Liquor Stores primarily operate under the brand names Liquor Depot, Liquor Barn, and Wine and Beyond in Alberta; Liquor Depot, Liquor Barn and Wine Cellar in British Columbia; Brown Jug in Alaska, and Liquor Barn, The Ultimate Party Source and Liquor Barn Express in Kentucky.
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