AutoCanada Inc. (TSE:ACQ) Receives C$19.31 Average Price Target from Brokerages

AutoCanada Inc. (TSE:ACQ) has been assigned a consensus rating of “Hold” from the nine brokerages that are covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is C$19.11.

Several analysts have recently issued reports on ACQ shares. Scotiabank reduced their price target on shares of AutoCanada from C$28.00 to C$25.50 and set an “outperform” rating on the stock in a research report on Monday, May 6th. Cormark decreased their price target on shares of AutoCanada from C$25.50 to C$21.75 in a research report on Wednesday, August 14th. Royal Bank of Canada dropped their price target on shares of AutoCanada from C$21.00 to C$18.00 and set a “sector perform” rating for the company in a research note on Wednesday, August 14th. Canaccord Genuity Group reduced their price objective on AutoCanada from C$18.00 to C$15.00 and set a “hold” rating on the stock in a research note on Wednesday, August 14th. Finally, National Bankshares decreased their target price on AutoCanada from C$20.00 to C$17.00 and set a “sector perform” rating for the company in a report on Wednesday, August 14th.

AutoCanada Price Performance

ACQ opened at C$14.35 on Wednesday. The stock’s 50-day moving average price is C$18.86 and its 200 day moving average price is C$21.31. AutoCanada has a 12-month low of C$14.20 and a 12-month high of C$27.54. The firm has a market cap of C$336.79 million, a price-to-earnings ratio of 8.75, a PEG ratio of 0.30 and a beta of 2.54. The company has a current ratio of 1.05, a quick ratio of 0.25 and a debt-to-equity ratio of 408.35.

Insider Activity at AutoCanada

In other AutoCanada news, Director Christopher Harris acquired 5,000 shares of the stock in a transaction dated Thursday, August 15th. The stock was acquired at an average cost of C$14.48 per share, with a total value of C$72,400.00. Insiders have acquired 8,000 shares of company stock valued at $131,300 over the last quarter. 4.79% of the stock is 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.