Andrew Peller (TSE:ADW.A) Shares Cross Above 50-Day Moving Average - Time to Sell?

Key Points

• Andrew Peller Ltd's stock price has crossed above its 50-day moving average of C$5.27, indicating potential bullish momentum.
• Analysts at Canaccord Genuity Group upgraded their target price for Andrew Peller shares from C$10.00 to C$13.00, maintaining a "buy" rating.
• The company operates over 100 independent retail locations in Ontario and is known for its popular wine brands such as Peller Estates and Wayne Gretzky.

Andrew Peller Ltd (TSE:ADW.A - Get Free Report) passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$5.27 and traded as high as C$5.36. Andrew Peller shares last traded at C$5.24, with a volume of 17,344 shares.

Analyst Ratings Changes

Separately, Canaccord Genuity Group reissued a "buy" rating and issued a C$13.00 target price (up from C$10.00) on shares of Andrew Peller in a research note on Friday, June 13th. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the stock presently has an average rating of "Buy" and an average price target of C$13.00.

Andrew Peller Price Performance

The company has a current ratio of 3.72, a quick ratio of 0.58 and a debt-to-equity ratio of 94.21. The company has a market capitalization of C$226.57 million, a PE ratio of 14.53 and a beta of 0.59. The stock's 50-day moving average is C$5.28 and its two-hundred day moving average is C$4.91.

Andrew Peller Company Profile

Andrew Peller Ltd is a wine producing company. It is engaged in the production and marketing of wine and spirit products in Canada. Some of the company's brands are Peller Estates, Trius Winery, Thirty Bench, Wayne Gretzky, Sandhill, Red Rooster, Calona Vineyards and many more. The Company owns and operates over 100 well-positioned independent retail locations in Ontario under The Wine Shop, Wine Country Vintners, and Wine Country Merchants store.