AutoCanada (TSE:ACQ) Given New C$17.00 Price Target at CIBC

AutoCanada (TSE:ACQ) had its price objective hoisted by investment analysts at CIBC from C$16.00 to C$17.00 in a report released on Monday,BayStreet.CA reports. CIBC’s target price would indicate a potential downside of 8.70% from the stock’s current price.

Several other equities analysts have also commented on ACQ. National Bank Financial raised AutoCanada from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 13th. BMO Capital Markets dropped their price objective on AutoCanada from C$19.50 to C$19.00 in a report on Thursday, November 14th. Finally, National Bankshares upgraded AutoCanada from a “sector perform” rating to an “outperform” rating and boosted their target price for the stock from C$17.00 to C$21.00 in a research note on Thursday, November 14th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, AutoCanada currently has an average rating of “Hold” and a consensus price target of C$19.67.

AutoCanada Stock Up 1.3 %

TSE ACQ traded up C$0.23 during trading hours on Monday, hitting C$18.62. 2,027 shares of the company were exchanged, compared to its average volume of 20,007. The company has a quick ratio of 0.25, a current ratio of 1.03 and a debt-to-equity ratio of 444.38. The firm has a market cap of C$431.80 million, a price-to-earnings ratio of -11.86, a PEG ratio of 0.30 and a beta of 2.54. The company has a 50 day moving average of C$18.25 and a two-hundred day moving average of C$16.91. AutoCanada has a 52-week low of C$13.75 and a 52-week high of C$27.44.

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.