Brokerages Set AutoCanada Inc. (TSE:ACQ) Price Target at C$19.98

AutoCanada Inc. (TSE:ACQ) has earned an average recommendation of “Moderate Buy” from the eleven analysts that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, five have given a hold recommendation, three have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is C$19.83.

Several analysts have recently commented on ACQ shares. Acumen Capital raised shares of AutoCanada from a “hold” rating to a “speculative buy” rating and lifted their price target for the company from C$20.00 to C$22.50 in a research report on Friday, March 21st. CIBC lowered their price objective on shares of AutoCanada from C$17.00 to C$15.00 and set an “underperform” rating for the company in a research note on Thursday, March 20th. ATB Capital boosted their target price on AutoCanada from C$18.00 to C$18.50 and gave the stock a “sector perform” rating in a research note on Thursday, March 27th. Finally, Canaccord Genuity Group increased their price objective on shares of AutoCanada from C$17.00 to C$22.00 and gave the company a “strong-buy” rating in a research report on Thursday, March 20th.

AutoCanada Stock Performance

Shares of AutoCanada stock opened at C$16.31 on Thursday. AutoCanada has a one year low of C$13.75 and a one year high of C$26.88. The company has a debt-to-equity ratio of 451.54, a quick ratio of 0.25 and a current ratio of 1.03. The business’s 50 day moving average price is C$17.87 and its 200 day moving average price is C$17.20. The company has a market cap of C$379.56 million, a price-to-earnings ratio of -7.53, a PEG ratio of 0.30 and a beta of 2.54.

About AutoCanada

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.