CIBC Lowers AutoCanada (TSE:ACQ) Price Target to C$15.00

AutoCanada (TSE:ACQ) had its price objective lowered by equities research analysts at CIBC from C$17.00 to C$15.00 in a report released on Thursday,BayStreet.CA reports. The firm presently has an “underperform” rating on the stock. CIBC’s target price points to a potential downside of 11.76% from the stock’s current price.

Separately, Canaccord Genuity Group upped their price objective on shares of AutoCanada from C$17.00 to C$22.00 in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, AutoCanada currently has an average rating of “Hold” and a consensus price target of C$19.70.

AutoCanada Stock Up 3.0 %

Shares of ACQ traded up C$0.50 during mid-day trading on Thursday, reaching C$17.00. 33,531 shares of the stock traded hands, compared to its average volume of 18,105. The firm has a market cap of C$395.62 million, a price-to-earnings ratio of -7.84, a P/E/G ratio of 0.30 and a beta of 2.54. The stock has a fifty day simple moving average of C$17.90 and a 200 day simple moving average of C$17.03. AutoCanada has a 12-month low of C$13.75 and a 12-month high of C$27.44. The company has a quick ratio of 0.25, a current ratio of 1.03 and a debt-to-equity ratio of 451.54.

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.