The Globe and Mail reports in its Friday, June 13, edition that Canaccord Genuity analyst Luke Hannan has reaffirmed his "buy" recommendation for Andrew Peller. The Globe's David Berman writes in the Eye On Equities column that Mr. Hannan gave his share target a $3 boost to $13. Mr. Hannan reiterated his rating after the company posted its fiscal fourth quarter financial results earlier this week. Mr. Hannan says in a note: "During fiscal 2025, Andrew Peller grew its market share across all major markets, cementing its position as one of the fastest-growing domestic wine companies in Canada. This was in part due to the company's success in big box retail, with channel performance exceeding management expectations."
Mr. Hannan expects that the stock can command a valuation of 11-times his estimated fiscal 2026 earnings before interest, taxes, depreciation and amortization of $65-million, up from a previous estimate of $54-million in EBITDA for this fiscal year. The Globe reported on Oct. 8 that Mr. Hannan rated Andrew Peller "buy" in new coverage. The shares could then be had for $4.12.
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