AutoCanada (TSE:ACQ) Price Target Raised to C$17.00

AutoCanada (TSE:ACQ) had its price target increased by CIBC from C$16.00 to C$17.00 in a research note released on Monday morning,BayStreet.CA reports.

A number of other brokerages also recently commented on ACQ. BMO Capital Markets lowered their price objective on AutoCanada from C$19.50 to C$19.00 in a research report on Thursday, November 14th. National Bankshares raised AutoCanada from a “sector perform” rating to an “outperform” rating and boosted their price objective for the stock from C$17.00 to C$21.00 in a research report on Thursday, November 14th. Finally, National Bank Financial raised AutoCanada from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 13th. One analyst has rated the stock with a sell rating, six have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of C$19.67.

AutoCanada Stock Up 2.4 %

Shares of TSE:ACQ opened at C$18.99 on Monday. The company has a debt-to-equity ratio of 444.38, a current ratio of 1.03 and a quick ratio of 0.25. The firm has a market capitalization of C$440.38 million, a PE ratio of -12.10, a price-to-earnings-growth ratio of 0.30 and a beta of 2.54. The firm’s 50-day moving average is C$18.25 and its two-hundred day moving average is C$16.92. AutoCanada has a 1 year low of C$13.75 and a 1 year high of C$27.44.

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.