AutoCanada (TSE:ACQ - Get Free Report) had its target price raised by equities research analysts at Canaccord Genuity Group from C$17.00 to C$22.00 in a report issued on Thursday,BayStreet.CA reports. Canaccord Genuity Group's price target points to a potential upside of 25.57% from the company's previous close.
Separately, CIBC upped their price objective on AutoCanada from C$16.00 to C$17.00 in a research note on Monday, February 10th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of C$19.98.
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AutoCanada Stock Performance
ACQ traded down C$0.57 during mid-day trading on Thursday, reaching C$17.52. 48,212 shares of the company traded hands, compared to its average volume of 19,140. The stock has a market capitalization of C$407.72 million, a P/E ratio of -8.08, a P/E/G 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 451.54. The company's fifty day moving average price is C$17.93 and its 200-day moving average price is C$17.06. AutoCanada has a 52-week low of C$13.75 and a 52-week high of C$27.44.
About AutoCanada
(
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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.
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