AutoCanada Inc. (TSE:ACQ - Get Free Report) Senior Officer Drew Forret bought 1,000 shares of the stock in a transaction on Wednesday, June 25th. The stock was purchased at an average price of C$22.09 per share, for a total transaction of C$22,090.00.
AutoCanada Price Performance
TSE:ACQ traded down C$0.16 during trading hours on Wednesday, hitting C$22.23. The stock had a trading volume of 4,629 shares, compared to its average volume of 23,315. The company has a 50 day simple moving average of C$19.43 and a two-hundred day simple moving average of C$18.14. The firm has a market capitalization of C$517.33 million, a price-to-earnings ratio of -10.26, a P/E/G ratio of 0.30 and a beta of 2.54. The company has a debt-to-equity ratio of 451.54, a current ratio of 1.03 and a quick ratio of 0.25. AutoCanada Inc. has a one year low of C$13.75 and a one year high of C$23.27.
Wall Street Analysts Forecast Growth
Several research firms have recently weighed in on ACQ. Canaccord Genuity Group lifted their target price on shares of AutoCanada from C$22.00 to C$24.00 and gave the stock a "buy" rating in a research note on Thursday, May 22nd. Cibc World Mkts raised shares of AutoCanada from a "strong sell" rating to a "hold" rating in a report on Thursday, May 15th. CIBC upgraded AutoCanada from an "underperform" rating to a "neutral" rating and increased their target price for the stock from C$15.00 to C$23.00 in a research report on Thursday, May 22nd. ATB Capital lifted their price target on AutoCanada from C$18.00 to C$18.50 and gave the company a "sector perform" rating in a research report on Thursday, March 27th. Finally, Acumen Capital upgraded AutoCanada from a "hold" rating to a "speculative buy" rating and boosted their price objective for the company from C$20.00 to C$22.50 in a research note on Friday, March 21st. Six investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of C$20.31.
Get Our Latest Analysis on AutoCanada
About AutoCanada
(
Get Free Report)
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.
Further Reading
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