AutoCanada Inc. (TSE:ACQ – Get Free Report) 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.
Check Out Our Latest Report on ACQ
AutoCanada Price Performance
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.
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