AutoCanada (TSE:ACQ) Price Target Raised to C$17.00

AutoCanada (TSE:ACQ) had its price target raised by Canaccord Genuity Group from C$15.00 to C$17.00 in a report issued on Tuesday,BayStreet.CA reports. The brokerage currently has a “hold” rating on the stock. Canaccord Genuity Group’s price target would indicate a potential upside of 5.66% from the company’s previous close.

A number of other equities analysts also recently commented on ACQ. National Bank Financial upgraded shares of AutoCanada from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 13th. BMO Capital Markets reduced their price target on AutoCanada from C$19.50 to C$19.00 in a research report on Thursday, November 14th. National Bankshares raised AutoCanada from a “sector perform” rating to an “outperform” rating and boosted their price target for the stock from C$17.00 to C$21.00 in a research report on Thursday, November 14th. Finally, CIBC upped their target price on shares of AutoCanada from C$16.00 to C$17.00 in a report on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of C$19.40.

AutoCanada Stock Down 5.5 %

Shares of TSE ACQ traded down C$0.93 during midday trading on Tuesday, reaching C$16.09. The company’s stock had a trading volume of 24,058 shares, compared to its average volume of 18,686. AutoCanada has a fifty-two week low of C$13.75 and a fifty-two week high of C$27.44. The stock has a 50 day simple moving average of C$18.27 and a 200-day simple moving average of C$16.94. The stock has a market capitalization of C$374.44 million, a price-to-earnings ratio of -7.42, a PEG ratio of 0.30 and a beta of 2.54. The company has a current ratio of 1.03, a quick ratio of 0.25 and a debt-to-equity ratio of 451.54.

AutoCanada Company Profile

AutoCanada Inc, through its subsidiaries, operates franchised automobile dealerships and related business. The company offers a range of automotive products and services, including new and used vehicles, vehicle leasing, vehicle parts, vehicle maintenance and collision repair services, and extended service contracts; and vehicle protection, after-market products, and auction services.