Acumen Capital Reiterates C$22.00 Price Target for Corby Spirit and Wine (TSE:CSW.A)

Corby Spirit and Wine (TSE:CSW.A) has been assigned a C$22.00 target price by equities researchers at Acumen Capital in a research note issued on Tuesday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Acumen Capital’s target price indicates a potential upside of 37.50% from the stock’s previous close.

Corby Spirit and Wine Stock Performance

Shares of CSW.A stock traded up C$0.55 during trading hours on Tuesday, reaching C$16.00. 25,261 shares of the company’s stock were exchanged, compared to its average volume of 13,731. The company has a market cap of C$455.50 million, a P/E ratio of 13.79 and a beta of 0.18. The company’s 50 day moving average is C$15.00 and its two-hundred day moving average is C$14.60. Corby Spirit and Wine has a 1 year low of C$13.35 and a 1 year high of C$16.06. The company has a debt-to-equity ratio of 77.55, a current ratio of 2.34 and a quick ratio of 1.77.

Corby Spirit and Wine (TSE:CSW.A) last posted its quarterly earnings results on Thursday, May 14th. The company reported C$0.27 earnings per share for the quarter. Corby Spirit and Wine had a return on equity of 13.22% and a net margin of 10.41%.The firm had revenue of C$58.27 million for the quarter. Equities research analysts anticipate that Corby Spirit and Wine will post 0.99 EPS for the current fiscal year.

Corby Spirit and Wine Company Profile

Corby Spirit and Wine Ltd is a Canadian manufacturer, marketer and importer of spirits and wines. The company derives its revenues from the sale of its owned-brands in Canada and other international markets, as well as earning commissions from the representation of selected non-owned brands in the Canadian marketplace. The company also supplements these primary sources of revenue with other ancillary activities incidental to its core business, such as logistics fees. The company has two reportable segments: Case Goods and Commissions.