Analysts Set AutoCanada Inc. (TSE:ACQ) Target Price at C$19.98

Shares of AutoCanada Inc. (TSE:ACQ) have been given a consensus recommendation of “Moderate Buy” by the eleven ratings firms that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, five have given a hold recommendation, three have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is C$19.83.

A number of research firms have weighed in on ACQ. Canaccord Genuity Group upped their price target on AutoCanada from C$17.00 to C$22.00 and gave the stock a “strong-buy” rating in a report on Thursday, March 20th. Acumen Capital upgraded shares of AutoCanada from a “hold” rating to a “speculative buy” rating and upped their target price for the company from C$20.00 to C$22.50 in a research note on Friday, March 21st. CIBC dropped their price target on shares of AutoCanada from C$17.00 to C$15.00 and set an “underperform” rating on the stock in a research note on Thursday, March 20th. Finally, ATB Capital upped their price objective on shares of AutoCanada from C$18.00 to C$18.50 and gave the company a “sector perform” rating in a research report on Thursday, March 27th.

AutoCanada Stock Up 4.0 %

Shares of AutoCanada stock opened at C$16.00 on Thursday. 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 has a twelve month low of C$13.75 and a twelve month high of C$26.88. The stock has a market cap of C$372.35 million, a price-to-earnings ratio of -7.38, a price-to-earnings-growth ratio of 0.30 and a beta of 2.54. The company has a fifty day moving average price of C$17.74 and a 200 day moving average price of C$17.19.

About AutoCanada

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.