Shares of AutoCanada Inc. (TSE:ACQ – Get Free Report) have been given a consensus recommendation of “Hold” by the nine research firms that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and one has given a buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is C$19.11.
A number of research firms recently weighed in on ACQ. BMO Capital Markets lowered their price objective on shares of AutoCanada from C$21.00 to C$19.50 and set a “market perform” rating for the company in a research note on Wednesday, August 14th. ATB Capital decreased their price target on shares of AutoCanada from C$25.00 to C$20.00 in a research report on Wednesday, August 14th. Atb Cap Markets downgraded shares of AutoCanada from an “outperform” rating to a “sector perform” rating in a report on Friday, May 3rd. Acumen Capital cut their price objective on shares of AutoCanada from C$21.50 to C$19.75 in a report on Thursday. Finally, Scotiabank cut their price target on shares of AutoCanada from C$28.00 to C$25.50 and set an “outperform” rating on the stock in a report on Monday, May 6th.
View Our Latest Research Report on ACQ
AutoCanada Stock Up 1.5 %
Insider Activity
In other news, Director Christopher Harris acquired 5,000 shares of the firm’s stock in a transaction on Thursday, August 15th. The shares were bought at an average price of C$14.48 per share, for a total transaction of C$72,400.00. Insiders have acquired 8,000 shares of company stock worth $131,300 in the last quarter. Corporate insiders own 4.79% 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.
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