Scotiabank Reaffirms Their Buy Rating on Liquor Stores NA

By Jason Carr

The Services sector company, Liquor Stores NA (TSX: LIQ), has received a rating update from a Wall Street analyst today. The company received a Buy rating from Scotiabank’s analyst George Doumet, with a C$13 price target.

Doumet has an average return of 0.4% when recommending Liquor Stores NA.

According to TipRanks.com, Doumet is ranked #501 out of 4570 analysts.

Currently, the analyst consensus on Liquor Stores NA is Moderate Buy and the average price target is C$12.17, representing a 16.1% upside.

In a report released today, Canaccord Genuity also reiterated a Buy rating on the stock with a C$12.50 price target.

Liquor Stores NA’s market cap is currently C$278.7M and has a P/E ratio of 0.

Liquor Stores NA Ltd. engages in the operation of retail liquor stores. It operates under the brand names Liquor Depot, Liquor Barn, Wine and Beyond, Wine Cellar, Brown Jug, LQR MKT, Liquor Barn, The Ultimate Party Source, and Liquor Barn Express. The company was founded by Henry Andrew Bereznicki and Irving Kipnes in 1993 and is headquartered in Edmonton, Canada.

The company’s shares closed last Monday at $10.48.