Analysts Set AutoCanada Inc. (TSE:ACQ) PT at C$19.56

Shares of AutoCanada Inc. (TSE:ACQ) have been given a consensus rating of “Hold” by the ten ratings firms that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation, two have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is C$19.56.

A number of equities research analysts have recently commented on ACQ shares. National Bankshares upgraded AutoCanada from a “sector perform” rating to an “outperform” rating and lifted their target price for the stock from C$17.00 to C$21.00 in a research note on Thursday, November 14th. CIBC raised their price target on shares of AutoCanada from C$15.00 to C$16.00 and gave the stock an “underperform” rating in a research note on Monday, January 13th. National Bank Financial upgraded AutoCanada from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 13th. Finally, BMO Capital Markets decreased their target price on AutoCanada from C$19.50 to C$19.00 in a research report on Thursday, November 14th.

AutoCanada Stock Performance

Shares of AutoCanada stock opened at C$18.39 on Wednesday. The business’s fifty day simple moving average is C$18.25 and its 200 day simple moving average is C$16.91. The company has a current ratio of 1.03, a quick ratio of 0.25 and a debt-to-equity ratio of 444.38. AutoCanada has a 12 month low of C$13.75 and a 12 month high of C$27.44. The firm has a market capitalization of C$426.46 million, a P/E ratio of -11.71, a price-to-earnings-growth ratio of 0.30 and a beta of 2.54.

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.