AutoCanada (TSE:ACQ) Price Target Raised to C$27.00 at Royal Bank Of Canada

AutoCanada (TSE:ACQ - Free Report) had its price target increased by Royal Bank Of Canada from C$18.00 to C$27.00 in a report issued on Tuesday morning,BayStreet.CA reports.

ACQ has been the topic of a number of other reports. Cibc World Mkts upgraded shares of AutoCanada from a "strong sell" rating to a "hold" rating in a report on Thursday, May 15th. Canaccord Genuity Group boosted their target price on shares of AutoCanada from C$24.00 to C$28.00 and gave the stock a "buy" rating in a report on Monday, July 14th. ATB Capital boosted 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 report on Thursday, March 27th. Finally, CIBC boosted their target price on shares of AutoCanada from C$23.00 to C$27.50 in a report on Thursday, July 17th. Six investment 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. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of C$22.25.

AutoCanada Price Performance

Shares of TSE ACQ traded down C$0.55 during midday trading on Tuesday, reaching C$27.80. The company's stock had a trading volume of 45,453 shares, compared to its average volume of 26,366. The company has a current ratio of 1.03, a quick ratio of 0.25 and a debt-to-equity ratio of 451.54. The company has a 50 day moving average price of C$22.92 and a 200 day moving average price of C$19.15. AutoCanada has a one year low of C$13.75 and a one year high of C$30.65. The company has a market cap of C$646.95 million, a price-to-earnings ratio of -12.83, a price-to-earnings-growth ratio of 0.30 and a beta of 2.54.

Insider Activity

In related news, insider EdgePoint Investment Group Inc. acquired 4,880 shares of the company's stock in a transaction on Wednesday, May 21st. The shares were purchased 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 quarter. 4.90% of the stock is owned by insiders.

AutoCanada Company Profile

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.