Brokerages Set AutoCanada Inc. (TSE:ACQ) Target Price at C$19.44

Shares of AutoCanada Inc. (TSE:ACQ) have earned a consensus recommendation of “Hold” from the ten research firms that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is C$19.56.

ACQ has been the subject of several research reports. CIBC raised their target price on AutoCanada from C$15.00 to C$16.00 and gave the stock an “underperform” rating in a research report on Monday. National Bank Financial raised shares of AutoCanada from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 13th. National Bankshares raised shares of AutoCanada from a “sector perform” rating to an “outperform” rating and upped their target price for the company from C$17.00 to C$21.00 in a research note on Thursday, November 14th. Finally, BMO Capital Markets cut their price target on shares of AutoCanada from C$19.50 to C$19.00 in a research note on Thursday, November 14th.

AutoCanada Trading Up 4.3 %

AutoCanada stock opened at C$17.40 on Friday. The business has a 50 day moving average price of C$17.75 and a two-hundred day moving average price of C$16.94. The company has a quick ratio of 0.25, a current ratio of 1.03 and a debt-to-equity ratio of 444.38. AutoCanada has a 12 month low of C$13.75 and a 12 month high of C$27.44. The stock 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.

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.