AutoCanada (TSE:ACQ) Price Target Lowered to C$15.00 at CIBC

AutoCanada (TSE:ACQ) had its target price decreased by stock analysts at CIBC from C$17.00 to C$15.00 in a research note issued to investors on Thursday,BayStreet.CA reports. The firm currently has an “underperform” rating on the stock. CIBC’s target price points to a potential downside of 14.38% from the stock’s previous close.

Separately, Canaccord Genuity Group lifted their price objective on shares of AutoCanada from C$17.00 to C$22.00 in a research note on Thursday. One investment analyst has rated the stock with a sell rating, six have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of C$19.98.

AutoCanada Stock Performance

TSE ACQ opened at C$17.52 on Thursday. The firm has a 50-day moving average of C$17.93 and a 200-day moving average of C$17.06. The company has a debt-to-equity ratio of 451.54, a quick ratio of 0.25 and a current ratio of 1.03. The stock has a market cap of C$407.72 million, a PE ratio of -8.08, a P/E/G ratio of 0.30 and a beta of 2.54. 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.