AutoCanada (TSE:ACQ) Price Target Raised to C$36.00

AutoCanada (TSE:ACQ) had its target price lifted by Canaccord Genuity Group from C$34.00 to C$36.00 in a report issued on Tuesday,BayStreet.CA reports.

Other equities research analysts have also issued research reports about the company. Royal Bank Of Canada reduced their price target on AutoCanada from C$27.00 to C$23.00 and set a “sector perform” rating on the stock in a research report on Friday, August 15th. CIBC upgraded shares of AutoCanada from a “neutral” rating to an “outperform” rating and upped their target price for the stock from C$32.50 to C$38.00 in a research note on Tuesday, August 26th. Acumen Capital lifted their price target on shares of AutoCanada from C$30.50 to C$39.00 and gave the stock a “speculative buy” rating in a research note on Thursday, August 14th. BMO Capital Markets upgraded shares of AutoCanada from a “hold” rating to an “outperform” rating and boosted their price target for the stock from C$20.00 to C$40.00 in a report on Thursday, August 14th. Finally, ATB Capital reduced their price objective on shares of AutoCanada from C$32.00 to C$30.00 and set a “sector perform” rating on the stock in a report on Wednesday, October 29th. Two equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of C$34.57.

AutoCanada Price Performance

Shares of TSE ACQ opened at C$24.51 on Tuesday. The firm has a 50-day simple moving average of C$30.58 and a 200-day simple moving average of C$25.89. 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$567.41 million, a price-to-earnings ratio of -30.26, a price-to-earnings-growth ratio of 0.30 and a beta of 2.37. AutoCanada has a 52 week low of C$14.03 and a 52 week high of C$35.48.

About AutoCanada

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.