CIBC Cuts AutoCanada (TSE:ACQ) Price Target to C$15.00

AutoCanada (TSE:ACQ) had its price objective trimmed by CIBC from C$17.00 to C$15.00 in a research report released on Thursday,BayStreet.CA reports. The firm currently has an underperform rating on the stock.

Separately, Canaccord Genuity Group upped their price objective on AutoCanada from C$17.00 to C$22.00 in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of C$19.98.

AutoCanada Price Performance

Shares of ACQ stock opened at C$17.52 on Thursday. The company has a quick ratio of 0.25, a current ratio of 1.03 and a debt-to-equity ratio of 451.54. AutoCanada has a twelve month low of C$13.75 and a twelve month high of C$27.44. The company has a market cap of C$407.72 million, a P/E ratio of -8.08, a P/E/G ratio of 0.30 and a beta of 2.54. The business has a fifty day simple moving average of C$17.93 and a 200 day simple moving average of C$17.08.

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.