AutoCanada (TSE:ACQ) Price Target Raised to C$16.00

AutoCanada (TSE:ACQ) had its target price hoisted by CIBC from C$15.00 to C$16.00 in a research report released on Monday morning,BayStreet.CA reports. They currently have an underperform rating on the stock.

Other research analysts have also recently issued reports about the stock. 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 decreased their target price on AutoCanada from C$19.50 to C$19.00 in a research report on Thursday, November 14th. Finally, National Bankshares raised AutoCanada from a “sector perform” rating to an “outperform” rating and upped their price target for the company from C$17.00 to C$21.00 in a research report on Thursday, November 14th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, AutoCanada currently has a consensus rating of “Hold” and an average target price of C$19.56.

AutoCanada Trading Up 4.3 %

TSE:ACQ opened at C$17.40 on Monday. The firm has a market cap of C$403.51 million, a price-to-earnings ratio of -11.08, a price-to-earnings-growth ratio of 0.30 and a beta of 2.54. The company has a debt-to-equity ratio of 444.38, a quick ratio of 0.25 and a current ratio of 1.03. The firm has a 50-day moving average price of C$17.75 and a two-hundred day moving average price of C$16.94. AutoCanada has a 52 week low of C$13.75 and a 52 week high of C$27.44.

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.