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Andrew Peller (TSE:ADW.A) Stock Passes Above Fifty Day Moving Average - Here's Why

Andrew Peller logo with Consumer Defensive background

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.
  • Interested in Andrew Peller? Here are five stocks we like better.

Andrew Peller Ltd (TSE:ADW.A - Get Free Report)'s share price crossed 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 traded.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reaffirmed a "buy" rating and set a C$13.00 target price (up previously from C$10.00) on shares of Andrew Peller in a research report on Friday, June 13th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of C$13.00.

Get Our Latest Analysis on ADW.A

Andrew Peller Stock Down 2.1%

The business has a 50 day moving average of C$5.27 and a 200 day moving average of C$4.91. The company has a debt-to-equity ratio of 94.21, a current ratio of 3.72 and a quick ratio of 0.58. The firm has a market capitalization of C$227.00 million, a price-to-earnings ratio of 14.56 and a beta of 0.59.

About Andrew Peller

(Get Free Report)

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.

Further Reading

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