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

Shares of AutoCanada Inc. (TSE:ACQ) have been assigned a consensus rating of “Hold” from the ten research firms that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation, two have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is C$19.44.

Several analysts have issued reports on the company. Canaccord Genuity Group dropped their target price on AutoCanada from C$18.00 to C$15.00 and set a “hold” rating on the stock in a research report on Wednesday, August 14th. CIBC cut their target price on AutoCanada from C$15.50 to C$15.00 in a research note on Friday, November 15th. Cormark decreased their price target on shares of AutoCanada from C$25.50 to C$21.75 in a research report on Wednesday, August 14th. National Bankshares upgraded 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. Finally, Acumen Capital decreased their target price on shares of AutoCanada from C$21.50 to C$19.75 in a research report on Thursday, August 15th.

AutoCanada Price Performance

TSE ACQ opened at C$18.60 on Friday. The company has a market cap of C$431.33 million, a PE ratio of -11.85, a P/E/G ratio of 0.30 and a beta of 2.54. The firm’s 50 day moving average price is C$16.05 and its 200-day moving average price is C$17.56. The company has a debt-to-equity ratio of 444.38, a quick ratio of 0.25 and a current ratio of 1.03. AutoCanada has a 52-week low of C$13.75 and a 52-week high of C$27.44.

Insider Buying and Selling

In other AutoCanada news, insider EdgePoint Investment Group Inc. purchased 27,200 shares of the business’s stock in a transaction that occurred on Friday, September 20th. The shares were bought at an average price of C$15.47 per share, for a total transaction of C$420,900.96. Insiders purchased 111,900 shares of company stock worth $1,670,917 in the last three months. Corporate insiders own 4.90% of the company’s stock.

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.