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

AutoCanada Inc. (TSE:ACQ) has been given an average rating of “Hold” by the ten ratings firms that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is C$19.56.

Several research firms recently commented on ACQ. National Bankshares raised shares of AutoCanada from a “sector perform” rating to an “outperform” rating and increased their target price for the company from C$17.00 to C$21.00 in a report on Thursday, November 14th. CIBC raised their price target on shares of AutoCanada from C$15.00 to C$16.00 and gave the stock an “underperform” rating in a 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. Finally, BMO Capital Markets cut their price target on shares of AutoCanada from C$19.50 to C$19.00 in a report on Thursday, November 14th.

AutoCanada Price Performance

Shares of TSE:ACQ opened at C$16.91 on Friday. The company’s fifty day moving average price is C$17.59 and its 200-day moving average price is C$16.97. The firm has a market capitalization of C$392.14 million, a price-to-earnings ratio of -10.77, a PEG ratio of 0.30 and a beta of 2.54. AutoCanada has a one year low of C$13.75 and a one year high of C$27.44. The company has a debt-to-equity ratio of 444.38, a current ratio of 1.03 and a quick ratio of 0.25.

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.