AutoCanada (TSE:ACQ) Price Target Cut to C$19.75 by Analysts at Acumen Capital

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

A number of other equities analysts also recently commented on the company. CIBC decreased their price target on AutoCanada from C$18.00 to C$15.50 and set an underperform rating for the company in a research note on Wednesday. National Bankshares dropped their price target on AutoCanada from C$20.00 to C$17.00 and set a sector perform rating on the stock in a report on Wednesday. Atb Cap Markets cut shares of AutoCanada from an outperform rating to a sector perform rating in a report on Friday, May 3rd. Royal Bank of Canada decreased their price objective on shares of AutoCanada from C$21.00 to C$18.00 and set a sector perform rating for the company in a report on Wednesday. Finally, Scotiabank cut 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 report on Monday, May 6th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, AutoCanada has an average rating of Hold and an average target price of C$19.11.

AutoCanada Price Performance

TSE ACQ traded up C$0.76 during mid-day trading on Thursday, hitting C$15.20. The stock had a trading volume of 48,789 shares, compared to its average volume of 44,677. The company has a 50 day simple moving average of C$19.21 and a 200 day simple moving average of C$21.47. The company has a market cap of C$356.74 million, a price-to-earnings ratio of 9.27, a P/E/G ratio of 0.30 and a beta of 2.54. The company has a quick ratio of 0.25, a current ratio of 1.05 and a debt-to-equity ratio of 408.35. AutoCanada has a 52-week low of C$14.20 and a 52-week high of C$27.54.

Insider Buying and Selling at AutoCanada

In related news, Director Christopher Harris bought 5,000 shares of the stock in a transaction on Thursday, August 15th. The shares were acquired at an average price of C$14.48 per share, for a total transaction of C$72,400.00. In the last ninety days, insiders have purchased 8,000 shares of company stock valued at $131,300. 4.79% of the stock is currently owned by company insiders.

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.