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Corby Spirit&Wine A ( ($TSE:CSW.A) ) has provided an update.
Corby Spirit and Wine Limited has increased its ownership stake in Ace Beverage Holdco Inc. to 95% by exercising a call option, strengthening its position in the Canadian ready-to-drink (RTD) market. This strategic move, along with the sale of non-core brands to Twenty Bench Brewing Company, aligns with Corby’s focus on core brand innovation and growth, enhancing its market presence and offering benefits to consumers, customers, and shareholders.
The most recent analyst rating on ($TSE:CSW.A) stock is a Buy with a C$15.50 price target. To see the full list of analyst forecasts on Corby Spirit&Wine A stock, see the TSE:CSW.A Stock Forecast page.
Spark’s Take on TSE:CSW.A Stock
According to Spark, TipRanks’ AI Analyst, TSE:CSW.A is a Outperform.
Corby Spirit & Wine A’s strong earnings growth and strategic acquisitions are significant strengths, reflected in a high earnings call score. The valuation is attractive with a solid dividend yield. However, technical indicators suggest bearish momentum, and financial performance is stable but challenged by cash flow concerns. These factors collectively result in a moderate overall stock score.
To see Spark’s full report on TSE:CSW.A stock, click here.
More about Corby Spirit&Wine A
Corby Spirit and Wine Limited is a leading Canadian manufacturer, marketer, and distributor of spirits, wines, and ready-to-drink beverages. Its portfolio includes renowned brands such as J.P. Wiser’s Canadian whiskies, Polar Ice vodka, Lamb’s rum, McGuinness liqueurs, Cottage Springs ready-to-drink beverages, and Ungava gin. Corby is affiliated with Pernod Ricard S.A., representing international brands like ABSOLUT vodka and Jameson Irish whiskey. The company is publicly traded on the Toronto Stock Exchange.
Average Trading Volume: 13,346
Technical Sentiment Signal: Buy
Current Market Cap: C$385M
For detailed information about CSW.A stock, go to TipRanks’ Stock Analysis page.