AutoCanada (TSE:ACQ) Price Target Raised to C$36.00 at Canaccord Genuity Group

AutoCanada (TSE:ACQ) had its target price lifted by stock analysts at Canaccord Genuity Group from C$34.00 to C$36.00 in a research note issued to investors on Tuesday,BayStreet.CA reports. Canaccord Genuity Group’s price objective points to a potential upside of 40.35% from the company’s current price.

A number of other equities research analysts have also weighed in on ACQ. CIBC raised AutoCanada from a “neutral” rating to an “outperform” rating and boosted their target price for the company from C$32.50 to C$38.00 in a research note on Tuesday, August 26th. BMO Capital Markets raised shares of AutoCanada from a “hold” rating to an “outperform” rating and lifted their target price for the company from C$20.00 to C$40.00 in a research note on Thursday, August 14th. 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 note on Friday, August 15th. Acumen Capital increased their price objective on shares of AutoCanada from C$30.50 to C$39.00 and gave the company a “speculative buy” rating in a research report on Thursday, August 14th. Finally, National Bankshares boosted their price target on AutoCanada from C$28.00 to C$36.00 and gave the company an “outperform” rating in a research note on Thursday, August 14th. Two analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of C$34.57.

AutoCanada Price Performance

TSE ACQ traded up C$0.09 during trading hours on Tuesday, hitting C$25.65. The company had a trading volume of 134,015 shares, compared to its average volume of 33,690. The firm has a market capitalization of C$593.80 million, a price-to-earnings ratio of -31.67, a PEG ratio of 0.30 and a beta of 2.18. AutoCanada has a 52 week low of C$14.03 and a 52 week high of C$35.48. The firm has a 50 day simple moving average of C$31.10 and a 200 day simple moving average of C$25.84. 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 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.