Liquor Stores N.A. Ltd (LIQ) Upgraded to Buy at Eight Capital
Liquor Stores N.A. Ltd (TSE:LIQ) was upgraded by research analysts at Eight Capital from a “neutral” rating to a “buy” rating in a research note issued to investors on Friday. The firm presently has a C$13.00 price target on the stock, up from their previous price target of C$11.00. Eight Capital’s price objective indicates a potential upside of 43.96% from the stock’s previous close.
LIQ has been the subject of a number of other reports. Scotiabank raised shares of Liquor Stores N.A. from a “sector perform” rating to an “outperform” rating and upped their price objective for the stock from C$10.50 to C$13.00 in a research note on Wednesday, May 10th. National Bank Financial raised shares of Liquor Stores N.A. from a “sector perform” rating to an “outperform” rating in a research note on Monday, July 10th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Liquor Stores N.A. has a consensus rating of “Buy” and a consensus target price of C$11.17.
Shares of Liquor Stores N.A. (TSE:LIQ) traded up 0.11% on Friday, reaching $9.04. 82,395 shares of the company were exchanged. Liquor Stores N.A. has a 52 week low of $8.80 and a 52 week high of $11.48. The company’s 50-day moving average is $10.14 and its 200-day moving average is $10.13. The company’s market capitalization is $266.93 million.
In other news, Director James Franklin Charles Burns purchased 15,000 shares of the firm’s stock in a transaction on Tuesday, June 27th. The stock was acquired at an average cost of C$10.00 per share, with a total value of C$150,000.00. Also, Director Derek Hudson Burney purchased 2,500 shares of the firm’s stock in a transaction on Wednesday, June 21st. The shares were purchased at an average cost of C$10.53 per share, with a total value of C$26,325.00. Over the last three months, insiders have acquired 22,500 shares of company stock valued at $226,625.
About Liquor Stores N.A.
Liquor Stores N.A. Ltd. engages in the retail of wines, beers, and spirits in Canada and the United States. As of December 31, 2016, the company operated 253 retail liquor stores consisting of 179 stores under Liquor Depot, Liquor Barn, and Wine and Beyond brand names in Alberta; 34 stores under Liquor Depot and Liquor Barn brand names in British Columbia; 22 stores under Brown Jug brand name in Alaska; 15 stores under Liquor Barn The Ultimate Party Source and Liquor Barn Express brand names in Kentucky; 2 stores under Joe Canals Discount Liquor Outlet brand name in New Jersey; and 1 store under the brand name of LQR MKT in Connecticut.
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