Brick Brewing (BRB) Receives Buy Rating from M Partners
Brick Brewing (TSE:BRB)‘s stock had its “buy” rating reissued by analysts at M Partners in a note issued to investors on Wednesday. M Partners also issued estimates for Brick Brewing’s FY2018 earnings at $0.08 EPS, FY2019 earnings at $0.14 EPS and FY2020 earnings at $0.19 EPS.
Separately, Acumen Capital raised their price target on shares of Brick Brewing from C$4.60 to C$4.80 in a research note on Thursday.
Shares of Brick Brewing (BRB) traded up C$0.10 during mid-day trading on Wednesday, hitting C$4.10. 67,890 shares of the stock traded hands, compared to its average volume of 30,817. Brick Brewing has a 12 month low of C$2.55 and a 12 month high of C$4.26. The stock has a market cap of $144.53, a price-to-earnings ratio of 45.56 and a beta of 0.04.
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Brick Brewing Co Limited produces, sells, markets, and distributes packaged and draft premium beer under the Waterloo brand; and value beer under the Laker, Red Baron, Red Cap, and Formosa brands in Canada and the United States. The company also produces, sells, markets, and distributes vodka and malt based coolers, and ciders under the Seagram Coolers brand, as well as produces, sells, markets, and distributes various beer products under co-packaging agreements.
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