Liquor Stores N.A. Ltd (TSE:LIQ) traded up 3.8% during trading on Friday . The company traded as high as C$9.80 and last traded at C$9.80. 48,970 shares were traded during trading, a decline of 24% from the average session volume of 64,398 shares. The stock had previously closed at C$9.44.
A number of equities research analysts recently issued reports on LIQ shares. Eight Capital raised Liquor Stores N.A. from a “neutral” rating to a “buy” rating and lifted their target price for the company from C$11.00 to C$13.00 in a report on Friday, August 11th. National Bank Financial raised Liquor Stores N.A. from a “sector perform” rating to an “outperform” rating in a report on Monday, July 10th. 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. Finally, 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. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Liquor Stores N.A. presently has a consensus rating of “Buy” and an average price target of C$11.00.
The stock has a 50 day moving average of $9.31 and a 200 day moving average of $9.89. The stock’s market capitalization is $272.05 million.
The company also recently announced a monthly dividend, which will be paid on Friday, September 15th. Stockholders of record on Thursday, August 31st will be given a dividend of $0.03 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 3.67%. The ex-dividend date is Tuesday, August 29th.
In related news, Director John Robert Barnett purchased 15,000 shares of the stock in a transaction that occurred on Monday, September 11th. The shares were purchased at an average price of C$7.43 per share, with a total value of C$111,450.00. Also, Director Richard Perkins purchased 5,500 shares of the stock in a transaction that occurred on Thursday, August 24th. The shares were bought at an average cost of C$9.05 per share, for a total transaction of C$49,775.00. In the last three months, insiders have purchased 97,300 shares of company stock worth $788,614.
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About Liquor Stores N.A.
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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