AutoCanada (TSE:ACQ – Free Report) 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.
View Our Latest Stock Analysis on ACQ
AutoCanada Price Performance
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.
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