Litchfield Hills Research Initiates Coverage on Innovation Beverage Group (NASDAQ:IBG)

Analysts at Litchfield Hills Research assumed coverage on shares of Innovation Beverage Group (NASDAQ:IBG) in a research note issued on Thursday,Benzinga reports. The brokerage set a “buy” rating on the stock.

Innovation Beverage Group Price Performance

IBG opened at $1.11 on Thursday. Innovation Beverage Group has a one year low of $0.60 and a one year high of $3.35.

About Innovation Beverage Group

Innovation Beverage Group (formerly Australian Boutique Spirits) is an award-winning distillery that produces a variety of brands in-house and imports global brands to sell exclusively to the Australian market through bevmart.com.au. It was recently recognized as the Australian Liqueur Distillery of the year by the Melbourne International Spirits Competition.