AutoCanada Inc. (TSE:ACQ) Receives C$19.44 Consensus Price Target from Analysts

Shares of AutoCanada Inc. (TSE:ACQ) have received a consensus rating of “Hold” from the ten research firms that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, six have given a hold recommendation, two have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is C$19.44.

Several research firms have weighed in on ACQ. BMO Capital Markets decreased their target price on shares of AutoCanada from C$19.50 to C$19.00 in a report on Thursday, November 14th. National Bank Financial upgraded AutoCanada from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 13th. CIBC reduced their target price on AutoCanada from C$15.50 to C$15.00 in a research report on Friday, November 15th. Finally, National Bankshares raised AutoCanada from a “sector perform” rating to an “outperform” rating and raised their price objective for the stock from C$17.00 to C$21.00 in a research report on Thursday, November 14th.

AutoCanada Stock Down 0.2 %

TSE ACQ opened at C$17.31 on Tuesday. The business’s fifty day simple moving average is C$17.08 and its 200-day simple moving average is C$17.23. 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 firm has a market cap of C$401.42 million, a PE ratio of -11.03, a P/E/G ratio of 0.30 and a beta of 2.54. AutoCanada has a 52 week low of C$13.75 and a 52 week 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.