Shares of Liquor Stores N.A. Ltd (TSE:LIQ) were up 3.8% during trading on Friday . The stock traded as high as C$9.80 and last traded at C$9.80. Approximately 48,970 shares changed hands during mid-day trading, a decline of 24% from the average daily volume of 64,398 shares. The stock had previously closed at C$9.44.
Several analysts have commented on LIQ shares. Royal Bank Of Canada lowered their price objective on shares of 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. National Bank Financial upgraded shares of Liquor Stores N.A. from a “sector perform” rating to an “outperform” rating in a report on Monday, July 10th. Eight Capital upgraded shares of Liquor Stores N.A. from a “neutral” rating to a “buy” rating and raised their price objective for the stock from C$11.00 to C$13.00 in a report on Friday, August 11th. Finally, Scotiabank decreased their target price on shares of Liquor Stores N.A. from C$13.00 to C$12.00 and set an “outperform” rating for the company in a research note on Friday, August 11th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of C$11.00.
The firm’s 50-day moving average price is $9.29 and its 200 day moving average price is $9.88. The firm’s market capitalization is $272.05 million.
The firm also recently declared a monthly dividend, which was paid on Friday, September 15th. Stockholders of record on Thursday, August 31st were given a $0.03 dividend. The ex-dividend date was Tuesday, August 29th. This represents a $0.36 annualized dividend and a dividend yield of 3.67%.
In other news, Director James Franklin Charles Burns acquired 5,000 shares of Liquor Stores N.A. stock in a transaction that occurred on Friday, June 23rd. The stock was purchased at an average price of C$10.06 per share, for a total transaction of C$50,300.00. Also, Director Derek Hudson Burney acquired 2,500 shares of Liquor Stores N.A. stock in a transaction that occurred on Wednesday, June 21st. The shares were purchased at an average price of C$10.53 per share, with a total value of C$26,325.00. Insiders bought a total of 97,300 shares of company stock valued at $788,614 in the last ninety days.
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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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