AutoCanada (TSE:ACQ) Price Target Lowered to C$19.75 at Acumen Capital

AutoCanada (TSE:ACQ) had its price target cut by Acumen Capital from C$21.50 to C$19.75 in a research note published on Thursday, BayStreet.CA reports.

ACQ has been the topic of several other reports. BMO Capital Markets decreased their price objective on shares of AutoCanada from C$21.00 to C$19.50 and set a market perform rating on the stock in a report on Wednesday, August 14th. Cormark dropped their price target on shares of AutoCanada from C$25.50 to C$21.75 in a research report on Wednesday, August 14th. Atb Cap Markets cut shares of AutoCanada from an outperform rating to a sector perform rating in a research report on Friday, May 3rd. Scotiabank lowered their price objective on shares of AutoCanada from C$28.00 to C$25.50 and set an outperform rating for the company in a research note on Monday, May 6th. Finally, CIBC lowered their price objective on shares of AutoCanada from C$18.00 to C$15.50 and set an underperform rating for the company in a research note on Wednesday, August 14th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of Hold and a consensus price target of C$19.11.

AutoCanada Trading Up 1.5 %

TSE ACQ opened at C$14.65 on Thursday. The company has a quick ratio of 0.25, a current ratio of 1.05 and a debt-to-equity ratio of 408.35. The firm has a market cap of C$343.84 million, a PE ratio of 8.93, a price-to-earnings-growth ratio of 0.30 and a beta of 2.54. The company has a 50 day moving average price of C$18.97 and a 200 day moving average price of C$21.35. AutoCanada has a 52 week low of C$14.20 and a 52 week high of C$27.54.

Insider Transactions at AutoCanada

In other news, Director Christopher Harris bought 5,000 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The stock was acquired at an average cost of C$14.48 per share, for a total transaction of C$72,400.00. Insiders acquired a total of 8,000 shares of company stock worth $131,300 over the last three months. 4.79% of the stock is currently owned by insiders.

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.