Liquor Stores N.A. Ltd (TSE:LIQ) was upgraded by equities research 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 target price on the stock, up from their prior target price of C$10.00. CIBC’s price objective suggests a potential upside of 13.40% from the stock’s current price.

A number of other equities research analysts also recently commented on the company. Royal Bank Of Canada reduced their target price 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. Eight Capital raised Liquor Stores N.A. from a “neutral” rating to a “buy” rating and raised their target price for the company from C$11.00 to C$13.00 in a report on Friday, August 11th. Finally, Scotiabank reduced their target price 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. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of C$11.50.

Liquor Stores N.A. (LIQ) traded up C$0.05 during trading on Tuesday, reaching C$9.70. The company’s 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.

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In other news, Director John Robert Barnett purchased 15,000 shares of the company’s stock in a transaction dated Thursday, September 7th. The stock was acquired at an average price of C$7.44 per share, for a total transaction of C$111,600.00. Also, Director Richard Perkins purchased 5,500 shares of the company’s stock in a transaction dated Thursday, August 24th. The stock was purchased at an average price of C$9.05 per share, with a total value of C$49,775.00. In the last 90 days, insiders 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.

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

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