Brick Brewing Co. Limited (BRB) Price Target Increased to C$4.70 by Analysts at Laurentian Bank of Canada

Brick Brewing Co. Limited (TSE:BRB) had its price objective hoisted by stock analysts at Laurentian Bank of Canada from C$4.60 to C$4.70 in a research report issued to clients and investors on Monday. The brokerage currently has a “buy” rating on the stock. Laurentian Bank of Canada’s price target would suggest a potential upside of 28.77% from the company’s previous close.

Other equities research analysts have also issued reports about the stock. Acumen Capital dropped their price objective on shares of Brick Brewing Co. Limited from C$4.50 to C$4.40 in a report on Monday. Laurentian boosted their target price on shares of Brick Brewing Co. Limited from C$4.60 to C$4.70 and gave the company a “buy” rating in a research report on Monday.

Shares of Brick Brewing Co. Limited (TSE:BRB) traded up 1.39% during midday trading on Monday, hitting $3.65. The stock had a trading volume of 6,084 shares. The firm’s 50-day moving average price is $3.73 and its 200-day moving average price is $3.51. Brick Brewing Co. Limited has a 1-year low of $2.41 and a 1-year high of $4.26. The stock has a market cap of $127.84 million and a price-to-earnings ratio of 33.18.

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In other news, insider Sean Thomas Byrne sold 30,000 shares of the business’s stock in a transaction dated Tuesday, July 25th. The shares were sold at an average price of C$3.84, for a total transaction of C$115,200.00.

Brick Brewing Co. Limited Company Profile

Brick Brewing Co Limited produces, sells, markets, and distributes packaged and draft premium beer under the Waterloo brand; and value beer under the Laker, Red Baron, Red Cap, and Formosa brands in Canada and the United States. The company also produces, sells, markets, and distributes vodka and malt based coolers, and ciders under the Seagram Coolers brand, as well as produces, sells, markets, and distributes various beer products under co-packaging agreements.

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