AutoCanada Inc. (TSE:ACQ) Senior Officer Drew Forret Purchases 1,000 Shares

AutoCanada Inc. (TSE:ACQ - Get Free Report) Senior Officer Drew Forret acquired 1,000 shares of the company's stock in a transaction that occurred on Wednesday, June 25th. The shares were bought at an average price of C$22.09 per share, for a total transaction of C$22,090.00.

AutoCanada Stock Performance

Shares of AutoCanada stock traded down C$0.01 during trading on Friday, hitting C$21.85. 12,251 shares of the stock were exchanged, compared to its average volume of 23,299. The stock has a market capitalization of C$508.48 million, a price-to-earnings ratio of -10.08, a price-to-earnings-growth ratio of 0.30 and a beta of 2.54. The company has a fifty day moving average price of C$19.80 and a 200-day moving average price of C$18.21. AutoCanada Inc. has a 1-year low of C$13.75 and a 1-year high of C$23.27. The company has a current ratio of 1.03, a quick ratio of 0.25 and a debt-to-equity ratio of 451.54.

Analysts Set New Price Targets

A number of research firms have recently commented on ACQ. CIBC upgraded shares of AutoCanada from an "underperform" rating to a "neutral" rating and increased their price objective for the stock from C$15.00 to C$23.00 in a research note on Thursday, May 22nd. Cibc World Mkts upgraded AutoCanada from a "strong sell" rating to a "hold" rating in a report on Thursday, May 15th. Acumen Capital upgraded AutoCanada from a "hold" rating to a "speculative buy" rating and raised their price target for the company from C$20.00 to C$22.50 in a research note on Friday, March 21st. Canaccord Genuity Group raised their price target on AutoCanada from C$22.00 to C$24.00 and gave the company a "buy" rating in a research note on Thursday, May 22nd. Finally, ATB Capital raised their price target on AutoCanada from C$18.00 to C$18.50 and gave the company a "sector perform" rating in a research note on Thursday, March 27th. Six research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of C$20.31.

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.