Andrew Peller (TSE:ADW.A) Stock Crosses Above Fifty Day Moving Average - What's Next?

Key Points

• Andrew Peller Ltd's stock (TSE: ADW.A) has surpassed its fifty-day moving average, trading as high as C$5.37 on Friday.
• Canaccord Genuity Group has upgraded its rating for Andrew Peller shares to "buy" with a target price raised to C$13.00, reflecting positive sentiment from analysts.
• The company operates over 100 retail wine locations in Ontario and produces various wine brands, holding a market cap of C$185.71 million.

Andrew Peller Ltd (TSE:ADW.A - Get Free Report) shares crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$5.28 and traded as high as C$5.37. Andrew Peller shares last traded at C$5.27, with a volume of 41,380 shares traded.

Analysts Set New Price Targets

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

Andrew Peller Price Performance

The stock has a market capitalization of C$181.13 million, a PE ratio of -73.43 and a beta of 0.75. The company's 50 day simple moving average is C$5.29 and its 200 day simple moving average is C$4.90. The company has a current ratio of 3.72, a quick ratio of 0.58 and a debt-to-equity ratio of 94.21.

About Andrew Peller

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.