Corby Spirit and Wine (TSE:CSW.A) Given a C$22.00 Price Target at Acumen Capital

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

Corby Spirit and Wine Stock Performance

CSW.A traded up C$0.55 on Tuesday, hitting C$16.00. 25,261 shares of the company traded hands, compared to its average volume of 13,731. Corby Spirit and Wine has a 12-month low of C$13.35 and a 12-month high of C$16.06. The company has a 50 day moving average of C$15.00 and a 200-day moving average of C$14.60. The company has a quick ratio of 1.77, a current ratio of 2.34 and a debt-to-equity ratio of 77.55. The stock has a market capitalization of C$455.50 million, a PE ratio of 13.79 and a beta of 0.18.

Corby Spirit and Wine (TSE:CSW.A) last announced its 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 company had revenue of C$58.27 million for the quarter. Sell-side analysts anticipate that Corby Spirit and Wine will post 0.99 earnings per share for the current 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.