Alcanna Inc (CLIQ), the Consumer Goods sector company was revisited today, yet the Wall Street analyst remains currently on the sidelines. Canaccord Genuity’s analyst Derek Dley reiterates their Hold rating on the shares, with a C$7 price target.
According to TipRanks.com, Dley is ranked #1059 out of 5108 analysts.
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Currently, the analyst consensus on Alcanna Inc is a Hold with an average price target of C$7.38, implying a 19.8% upside from current levels. In a report released today, Scotiabank also downgraded the stock to Hold with a C$5.50 price target.
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Alcanna Inc’s market cap is currently C$228.4M and has a P/E ratio of 0. The company has a Price to Book ratio of 0.74.
Alcanna Inc. sells alcohol and cannabis. It operates through the Canadian Operations and the U.S. Operations segments. The company was founded by Henry Andrew Bereznicki and Irving Kipnes in 1993 and is headquartered in Edmonton, Canada.
The company’s shares closed on Thursday at C$6.16, close to its 52-week low of C$6.06.
