Alcanna (TSE:CLIQ) PT Raised to C$6.75

Alcanna (TSE:CLIQ) had its target price lifted by CIBC from C$6.00 to C$6.75 in a report issued on Monday, BayStreet.CA reports.

A number of other research analysts have also commented on the stock. Royal Bank of Canada lifted their price objective on shares of Alcanna from C$5.50 to C$6.00 and gave the company a sector perform rating in a research note on Friday, May 10th. Eight Capital set a C$9.50 price objective on shares of Alcanna and gave the company a buy rating in a research note on Wednesday, May 29th.

TSE CLIQ opened at C$5.68 on Monday. The company has a current ratio of 2.76, a quick ratio of 0.59 and a debt-to-equity ratio of 356.80. The firm has a market capitalization of $210.85 million and a price-to-earnings ratio of -1.23. Alcanna has a one year low of C$4.00 and a one year high of C$11.56. The company has a fifty day simple moving average of C$6.03.

Alcanna Company Profile

Alcanna Inc engages in the retail of wines, beers, spirits, and cannabis in North America. As of March 14, 2019, it operated 236 stores in Alberta, British Columbia, and Alaska; and 5 cannabis retail stores under the Nova Cannabis brand in Alberta. The company was formerly known as Liquor Stores N.A.

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