CIBC Lowers AutoCanada (TSE:ACQ) Price Target to C$15.00

AutoCanada (TSE:ACQ) had its price objective dropped by research analysts at CIBC from C$17.00 to C$15.00 in a research note issued to investors on Thursday,BayStreet.CA reports. The firm currently has an “underperform” rating on the stock. CIBC’s target price would suggest a potential downside of 11.76% from the stock’s current price.

Separately, Canaccord Genuity Group increased their price target on AutoCanada from C$17.00 to C$22.00 in a report on Thursday. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of C$19.70.

AutoCanada Stock Performance

ACQ stock traded up C$0.50 during midday trading on Thursday, hitting C$17.00. 33,531 shares of the company traded hands, compared to its average volume of 18,105. AutoCanada has a twelve month low of C$13.75 and a twelve month high of C$27.44. 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 business has a 50 day simple moving average of C$17.90 and a 200-day simple moving average of C$17.03. The stock has a market capitalization of C$395.62 million, a price-to-earnings ratio of -7.84, a price-to-earnings-growth ratio of 0.30 and a beta of 2.54.

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.