Brick Brewing Co. Limited (BRB) Price Target Cut to C$4.40 by Analysts at Acumen Capital

Brick Brewing Co. Limited (TSE:BRB) had its price target decreased by Acumen Capital from C$4.50 to C$4.40 in a research note released on Monday.

Separately, Laurentian upped their price target on Brick Brewing Co. Limited from C$4.60 to C$4.70 and gave the company a buy rating in a report on Monday.

Brick Brewing Co. Limited (TSE BRB) opened at 3.59 on Monday. The firm’s 50-day moving average price is $3.73 and its 200 day moving average price is $3.52. Brick Brewing Co. Limited has a 52-week low of $2.41 and a 52-week high of $4.26. The stock has a market cap of $125.74 million and a P/E ratio of 32.64.

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The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 24th. Shareholders of record on Tuesday, October 10th will be issued a $0.016 dividend. The ex-dividend date is Friday, October 6th. This represents a $0.06 annualized dividend and a dividend yield of 1.78%.

In other Brick Brewing Co. Limited news, insider Sean Thomas Byrne sold 30,000 shares of the company’s stock in a transaction on Tuesday, July 25th. The stock was sold at an average price of C$3.84, for a total value of C$115,200.00.

About Brick Brewing Co. Limited

Brick Brewing Co Limited produces, sells, markets, and distributes packaged and draft premium beer under the Waterloo brand; and value beer under the Laker, Red Baron, Red Cap, and Formosa brands in Canada and the United States. The company also produces, sells, markets, and distributes vodka and malt based coolers, and ciders under the Seagram Coolers brand, as well as produces, sells, markets, and distributes various beer products under co-packaging agreements.

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