Alcanna Inc (CLIQ), the Consumer Goods sector company was revisited on November 11, yet the Wall Street analyst remains currently on the sidelines. CIBC’s analyst John Zamparo reiterates their Hold rating on the shares, with a C$9 price target.
According to TipRanks.com, Zamparo is ranked #3912 out of 4897 analysts.
Alcanna Inc has an analyst consensus of Hold, with a price target consensus of C$8.50, which is a 4.3% upside from current levels. In a report issued on November 9, RBC Capital also reiterated a Hold rating on the stock with a C$8 price target.
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Based on Alcanna Inc’s latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of C$4.01 million. In comparison, last year the company had a GAAP net loss of C$3.21 million.
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 Friday at C$8.15, close to its 52-week low of C$7.86.
