Liquor Stores N.A. (LIQ) Hits New 12-Month High at $11.50

Liquor Stores N.A. Ltd (TSE:LIQ) shares hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$11.50 and last traded at C$11.17, with a volume of 77528 shares trading hands. The stock had previously closed at C$11.14.

Separately, CIBC upgraded Liquor Stores N.A. from a “neutral” rating to an “outperform” rating and increased their target price for the company from C$10.00 to C$11.00 in a research report on Tuesday, November 21st. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Liquor Stores N.A. presently has a consensus rating of “Buy” and an average target price of C$11.50.

The firm has a market capitalization of $325.72, a price-to-earnings ratio of -19.86 and a beta of 0.45.

The company also recently disclosed a monthly dividend, which will be paid on Monday, January 15th. Shareholders of record on Friday, December 29th will be issued a $0.09 dividend. The ex-dividend date is Thursday, December 28th. This represents a $1.08 dividend on an annualized basis and a yield of 9.22%. This is a positive change from Liquor Stores N.A.’s previous monthly dividend of $0.03. Liquor Stores N.A.’s dividend payout ratio (DPR) is presently -61.02%.

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About Liquor Stores N.A.

Liquor Stores NA Ltd is a Canada-based operator of retail liquor stores. The Company operates stores in Alberta, British Columbia, Alaska and Kentucky. The Company’s Liquor Stores primarily operate under the brand names Liquor Depot and Wine and Beyond in Alberta; Liquor Depot and Wine Cellar in British Columbia; Brown Jug in Alaska and The Ultimate Party Source in Kentucky.

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