In a latest note to investors, a research analyst has provided a rating update for the Alcanna Inc (CLIQ – Research Report). Analyst Sabahat Khan from RBC Capital remains neutral on the stock and has a C$6 price target.
According to TipRanks.com, Khan is ranked #2374 out of 5239 analysts.
Alcanna Inc has an analyst consensus of Hold, with a price target consensus of C$6.38, representing a 4.2% upside. In a report issued on August 11, CIBC also maintained a Hold rating on the stock with a C$6.75 price target.
Based on Alcanna Inc’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of C$5.57 million. In comparison, last year the company had a GAAP net loss of C$1.36 million.
Alcanna Inc. sells alcohol and cannabis. The firm operated within two reportable business segments: Liquor Operations and Cannabis Operations. Each segment is a distinct unit that offers different products and services, has separate management structures, and their own marketing strategies and brands.
The company’s shares closed last Wednesday at C$6.18.