Canaccord Genuity Group Raises AutoCanada (TSE:ACQ) Price Target to C$22.00

AutoCanada (TSE:ACQ) had its target price upped by Canaccord Genuity Group from C$17.00 to C$22.00 in a research report report published on Thursday morning,BayStreet.CA reports.

Separately, CIBC boosted their target price on AutoCanada from C$16.00 to C$17.00 in a research note on Monday, February 10th. One analyst has rated the stock with a sell rating, six have given a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, AutoCanada has a consensus rating of “Hold” and a consensus price target of C$19.98.

AutoCanada Trading Down 3.2 %

TSE ACQ opened at C$17.52 on Thursday. The stock has a market capitalization of C$407.72 million, a price-to-earnings ratio of -8.08, a PEG ratio of 0.30 and a beta of 2.54. The stock’s 50 day moving average price is C$17.93 and its two-hundred day moving average price is C$17.08. The company has a debt-to-equity ratio of 451.54, a quick ratio of 0.25 and a current ratio of 1.03. AutoCanada has a 52 week low of C$13.75 and a 52 week high of C$27.44.

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.