Canaccord Genuity Thinks LXRandCo Inc’s Stock is Going to Recover

By Austin Angelo

In a latest note to investors, a research analyst has provided a rating update for the Financial sector company, LXRandCo Inc (TSX: LXR). Analyst Derek Dley from Canaccord Genuity reiterated a Buy rating, with a C$3 price target today.

According to TipRanks.com, Dley is ranked #351 out of 4829 analysts.

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LXRandCo Inc has an analyst consensus of Moderate Buy, with a price target consensus of C$4.

LXRandCo Inc’s market cap is currently C$14.11M and has a P/E ratio of 0. The company has a Price to Book ratio of 0.51.

LXRandCo, Inc. engages in the retail trade of branded pre-owned vintage luxury handbags and accessories. It sells its products through its physical stores and online shops. It offers luxury brands such as Hermès, Louis Vuitton, Gucci, and Chanel.

The company’s shares closed on Wednesday at C$0.89, close to its 52-week low of C$0.86.