AutoCanada (TSE:ACQ - Get Free Report) had its price objective lifted by analysts at CIBC from C$23.00 to C$27.50 in a report released on Thursday,BayStreet.CA reports. CIBC's price objective suggests a potential downside of 4.51% from the stock's previous close.
Several other equities research analysts have also recently issued reports on the stock. Canaccord Genuity Group raised their price target on shares of AutoCanada from C$24.00 to C$28.00 and gave the stock a "buy" rating in a research note on Monday, July 14th. Cibc World Mkts raised shares of AutoCanada from a "strong sell" rating to a "hold" rating in a research report on Thursday, May 15th. ATB Capital raised their target price on shares of AutoCanada from C$18.00 to C$18.50 and gave the stock a "sector perform" rating in a research report on Thursday, March 27th. Finally, Acumen Capital raised shares of AutoCanada from a "hold" rating to a "speculative buy" rating and raised their target price for the stock from C$20.00 to C$22.50 in a research report on Friday, March 21st. Six analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of C$21.25.
Read Our Latest Stock Analysis on ACQ
AutoCanada Price Performance
Shares of ACQ traded down C$0.01 during trading hours on Thursday, reaching C$28.80. 12,457 shares of the company traded hands, compared to its average volume of 26,335. 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 stock has a market capitalization of C$670.22 million, a PE ratio of -13.29, a price-to-earnings-growth ratio of 0.30 and a beta of 2.54. AutoCanada has a fifty-two week low of C$13.75 and a fifty-two week high of C$30.65. The stock has a fifty day simple moving average of C$22.18 and a 200 day simple moving average of C$18.88.
Insider Activity
In other news, insider EdgePoint Investment Group Inc. acquired 4,880 shares of the company's stock in a transaction dated Wednesday, May 21st. The shares were bought at an average price of C$19.78 per share, for a total transaction of C$96,548.36. Insiders have purchased a total of 88,280 shares of company stock worth $1,809,060 in the last 90 days. Company insiders own 4.90% of the company's stock.
About AutoCanada
(
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AutoCanada Inc operates car dealerships in Canada. The company offers new and used vehicles, spare parts, maintenance services, and customer financing. AutoCanada retails brands such as Chrysler, Dodge, Jeep, Ram, Cadillac, Chevrolet, Buick, GMC, Audi, Volkswagen, BMW, Mini, Infiniti, Nissan, Hyundai, Kia, Fiat, Mitsubishi, and Subaru.
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