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

Alcanna (TSE:CLIQ) had its target price hoisted by CIBC from C$6.00 to C$6.75 in a research note published on Monday, BayStreet.CA reports.

Several other analysts also recently issued reports on CLIQ. Eight Capital set a C$9.50 price target on shares of Alcanna and gave the company a buy rating in a report on Wednesday, May 29th. Royal Bank of Canada upped their price target on shares of Alcanna from C$5.50 to C$6.00 and gave the company a sector perform rating in a report on Friday, May 10th.

CLIQ stock opened at C$5.68 on Monday. Alcanna has a 52 week low of C$4.00 and a 52 week high of C$11.56. The stock has a market capitalization of $210.85 million and a P/E ratio of -1.23. 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 business’s 50-day moving average is C$6.03.

About Alcanna

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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