Alcanna (CLIQ) Given Neutral Rating at Canaccord Genuity

Alcanna (TSE:CLIQ)‘s stock had its “neutral” rating reaffirmed by research analysts at Canaccord Genuity in a note issued to investors on Wednesday. They currently have a C$5.50 target price on the stock. Canaccord Genuity’s target price suggests a potential upside of 3.38% from the stock’s current price.

A number of other research firms have also weighed in on CLIQ. Royal Bank of Canada cut their target price on shares of Alcanna from C$6.00 to C$5.50 and set a “sector perform” rating on the stock in a research note on Monday. CIBC cut their target price on shares of Alcanna from C$9.00 to C$6.00 and set a “hold” rating on the stock in a research note on Thursday, February 21st.

Shares of CLIQ stock traded down C$0.05 during trading hours on Wednesday, reaching C$5.32. 48,343 shares of the stock were exchanged, compared to its average volume of 144,509. The company has a debt-to-equity ratio of 45.23, a quick ratio of 1.28 and a current ratio of 3.17. Alcanna has a 12-month low of C$4.00 and a 12-month high of C$11.56. The firm has a market capitalization of $199.09 million and a price-to-earnings ratio of -1.18.

Alcanna Company Profile

Alcanna Inc engages in the retail of wines, beers, and spirits in Canada and the United States. As of January 14, 2019, the company owned and operated 174 retail locations in Alberta, British Columbia; and Alaska, as well as 62 Alliance stores primarily under the Liquor Depot and Nova Cannabisâ brands.

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