AutoCanada (TSE:ACQ) Given New C$16.00 Price Target at CIBC

AutoCanada (TSE:ACQ) had its price objective hoisted by CIBC from C$15.00 to C$16.00 in a research report released on Monday,BayStreet.CA reports. CIBC currently has an underperform rating on the stock.

ACQ has been the subject of a number of other research reports. BMO Capital Markets cut their price objective on shares of AutoCanada from C$19.50 to C$19.00 in a report on Thursday, November 14th. National Bankshares raised AutoCanada from a “sector perform” rating to an “outperform” rating and increased their price target 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 report on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, AutoCanada currently has an average rating of “Hold” and an average target price of C$19.56.

AutoCanada Stock Down 0.1 %

TSE:ACQ opened at C$16.91 on Monday. AutoCanada has a twelve month low of C$13.75 and a twelve month high of C$27.44. The firm has a market capitalization of C$392.14 million, a price-to-earnings ratio of -10.77, a price-to-earnings-growth ratio of 0.30 and a beta of 2.54. The company has a quick ratio of 0.25, a current ratio of 1.03 and a debt-to-equity ratio of 444.38. The stock’s 50 day moving average price is C$17.59 and its two-hundred day moving average price is C$16.97.

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.