AutoCanada (TSE:ACQ) Given New C$17.00 Price Target at Canaccord Genuity Group

AutoCanada (TSE:ACQ) had its target price lifted by equities research analysts at Canaccord Genuity Group from C$15.00 to C$17.00 in a report released on Tuesday,BayStreet.CA reports. The brokerage presently has a “hold” rating on the stock. Canaccord Genuity Group’s target price points to a potential upside of 5.66% from the company’s previous close.

A number of other brokerages 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 report on Thursday, November 14th. National Bank Financial raised AutoCanada from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 13th. CIBC raised their price target on AutoCanada from C$16.00 to C$17.00 in a report on Monday, February 10th. Finally, BMO Capital Markets dropped their price objective on AutoCanada from C$19.50 to C$19.00 in a report on Thursday, November 14th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of C$19.40.

AutoCanada Price Performance

TSE ACQ traded down C$0.93 on Tuesday, hitting C$16.09. 24,058 shares of the company were exchanged, compared to its average volume of 18,686. AutoCanada has a 1-year low of C$13.75 and a 1-year high of C$27.44. The firm has a 50 day moving average of C$18.27 and a two-hundred day moving average of C$16.94. The company has a current ratio of 1.03, a quick ratio of 0.25 and a debt-to-equity ratio of 451.54. The company has a market cap of C$374.44 million, a P/E ratio of -7.42, a P/E/G 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.