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

AutoCanada (TSE:ACQ) had its target price raised by Canaccord Genuity Group from C$15.00 to C$17.00 in a report released on Tuesday morning,BayStreet.CA reports. Canaccord Genuity Group currently has a hold rating on the stock.

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

AutoCanada Stock Down 3.5 %

ACQ opened at C$16.19 on Tuesday. The company has a debt-to-equity ratio of 451.54, a current ratio of 1.03 and a quick ratio of 0.25. The company’s 50-day moving average is C$18.22 and its 200 day moving average is C$16.95. AutoCanada has a fifty-two week low of C$13.75 and a fifty-two week high of C$27.44. The firm has a market capitalization of C$376.77 million, a P/E ratio of -7.47, a PEG ratio of 0.30 and a beta of 2.54.

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.