Liquor Stores N.A. Ltd (LIQ) Given Consensus Recommendation of “Buy” by Analysts

Shares of Liquor Stores N.A. Ltd (TSE:LIQ) have earned an average rating of “Buy” from the seven brokerages that are presently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokers that have covered the stock in the last year is C$11.10.

Several equities analysts recently weighed in on the company. Royal Bank of Canada lifted their target price on Liquor Stores N.A. from C$10.00 to C$11.00 and gave the company a “sector perform” rating in a research report on Tuesday, February 6th. CIBC downgraded Liquor Stores N.A. from an “outperform” rating to a “neutral” rating and lowered their target price for the company from C$13.00 to C$10.00 in a research report on Thursday. Canaccord Genuity downgraded Liquor Stores N.A. from a “buy” rating to a “hold” rating in a research report on Thursday, February 1st. Finally, Pi Financial reissued a “top pick” rating on shares of Liquor Stores N.A. in a report on Thursday, April 5th.

TSE LIQ opened at C$9.25 on Friday. Liquor Stores N.A. has a fifty-two week low of C$8.49 and a fifty-two week high of C$12.95.

Liquor Stores N.A. (TSE:LIQ) last released its earnings results on Wednesday, March 14th. The company reported C($0.04) earnings per share for the quarter. The company had revenue of C$167.19 million for the quarter. Liquor Stores N.A. had a negative net margin of 1.39% and a negative return on equity of 6.06%.

In other Liquor Stores N.A. news, Director Karen A. Prentice purchased 10,000 shares of the firm’s stock in a transaction on Friday, March 23rd. The shares were acquired at an average cost of C$10.14 per share, with a total value of C$101,400.00. Also, Director Derek Hudson Burney purchased 5,000 shares of the firm’s stock in a transaction on Thursday, March 29th. The shares were acquired at an average cost of C$9.77 per share, for a total transaction of C$48,850.00. Over the last three months, insiders have acquired 20,116 shares of company stock worth $189,304.

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 March 14, 2018, the company operated 230 retail liquor stores consisting of 174 stores under Liquor Depot, Liquor Barn, and Wine and Beyond brand names in Alberta; 33 stores under Liquor Depot and Liquor Barn brand names in British Columbia; and 22 stores under Brown Jug brand name in Alaska.

Analyst Recommendations for Liquor Stores N.A. (TSE:LIQ)

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