CIBC Increases AutoCanada (TSE:ACQ) Price Target to C$16.00

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

A number of other brokerages have also recently issued reports on ACQ. National Bank Financial upgraded shares of AutoCanada from a "hold" rating to a "strong-buy" rating in a report on Wednesday, November 13th. National Bankshares raised shares of AutoCanada from a "sector perform" rating to an "outperform" rating and boosted their price target for the company from C$17.00 to C$21.00 in a report on Thursday, November 14th. Finally, BMO Capital Markets lowered their price objective on shares of AutoCanada from C$19.50 to C$19.00 in a research report on Thursday, November 14th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of C$19.56.

AutoCanada Trading Down 0.1 %

Shares of TSE:ACQ traded down C$0.01 during trading on Monday, hitting C$16.91. 4,357 shares of the company's stock were exchanged, compared to its average volume of 10,064. The company has a current ratio of 1.03, a quick ratio of 0.25 and a debt-to-equity ratio of 444.38. The firm has a market cap of C$392.14 million, a P/E ratio of -10.77, a PEG ratio of 0.30 and a beta of 2.54. The firm has a 50-day moving average price of C$17.59 and a two-hundred day moving average price of C$16.97. AutoCanada has a 1-year low of C$13.75 and a 1-year high of C$27.44.

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.