Liquor Stores N.A. Ltd (TSE:LIQ) Given Consensus Rating of “Buy” by Brokerages
Liquor Stores N.A. Ltd (TSE:LIQ) has received an average rating of “Buy” from the eight ratings firms that are presently covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is C$11.17.
LIQ has been the subject of a number of research reports. National Bank Financial raised shares of Liquor Stores N.A. from a “sector perform” rating to an “outperform” rating in a report on Monday, July 10th. Scotiabank raised shares of Liquor Stores N.A. from a “sector perform” rating to an “outperform” rating and raised their price target for the company from C$10.50 to C$13.00 in a report on Wednesday, May 10th.
In other news, Director James Franklin Charles Burns purchased 5,000 shares of the firm’s stock in a transaction dated Friday, June 23rd. The stock was bought at an average price of C$10.06 per share, with a total value of C$50,300.00. Also, Director Derek Hudson Burney purchased 2,500 shares of the firm’s stock in a transaction dated Wednesday, June 21st. The stock was purchased at an average cost of C$10.53 per share, with a total value of C$26,325.00. Insiders bought a total of 22,500 shares of company stock valued at $226,625 in the last three months.
Shares of Liquor Stores N.A. (LIQ) traded down 0.80% during trading on Tuesday, reaching $9.90. The company had a trading volume of 57,571 shares. The firm has a 50-day moving average of $10.20 and a 200-day moving average of $10.15. Liquor Stores N.A. has a 12-month low of $8.80 and a 12-month high of $11.48. The company’s market cap is $274.62 million.
The company also recently declared a monthly dividend, which will be paid on Tuesday, August 15th. Stockholders of record on Monday, July 31st will be issued a $0.03 dividend. This represents a $0.36 annualized dividend and a dividend yield of 3.64%. The ex-dividend date of this dividend is Thursday, July 27th.
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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