Scotiabank Cuts Liquor Stores N.A. Ltd (LIQ) Price Target to C$12.00
Liquor Stores N.A. Ltd (TSE:LIQ) had its target price reduced by research analysts at Scotiabank from C$13.00 to C$12.00 in a report released on Friday. The firm currently has an “outperform” rating on the stock. Scotiabank’s price target indicates a potential upside of 32.89% from the company’s previous close.
A number of other analysts have also recently commented on the stock. Eight Capital upgraded shares of Liquor Stores N.A. from a “neutral” rating to a “buy” rating and upped their price target for the company from C$11.00 to C$13.00 in a research note on Friday. Royal Bank Of Canada dropped their price target on shares of Liquor Stores N.A. from C$11.00 to C$10.00 and set a “sector perform” rating on the stock in a research note on Friday. Finally, National Bank Financial upgraded shares of Liquor Stores N.A. from a “sector perform” rating to an “outperform” rating in a research note on Monday, July 10th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Liquor Stores N.A. presently has an average 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, hitting $9.04. 82,395 shares of the stock traded hands. The stock has a 50 day moving average price of $10.14 and a 200-day moving average price of $10.13. The stock’s market cap is $266.93 million. Liquor Stores N.A. has a 52 week low of $8.80 and a 52 week high of $11.48.
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In other news, Director James Franklin Charles Burns bought 5,000 shares of the stock in a transaction on Friday, June 23rd. The shares were acquired at an average cost of C$10.06 per share, for a total transaction of C$50,300.00. Also, Director Derek Hudson Burney bought 2,500 shares of the stock in a transaction on Wednesday, June 21st. The stock was purchased at an average price of C$10.53 per share, for a total transaction of C$26,325.00. Insiders acquired a total of 22,500 shares of company stock worth $226,625 over the last quarter.
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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