AutoCanada (TSE:ACQ) Given New C$22.00 Price Target at Canaccord Genuity Group

AutoCanada (TSE:ACQ) had its target price lifted by stock analysts at Canaccord Genuity Group from C$17.00 to C$22.00 in a research note issued on Thursday,BayStreet.CA reports. Canaccord Genuity Group’s price target would indicate a potential upside of 29.41% from the company’s previous close.

Separately, CIBC boosted their target price on AutoCanada from C$16.00 to C$17.00 in a research note on Monday, February 10th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, AutoCanada presently has a consensus rating of “Hold” and a consensus target price of C$19.70.

AutoCanada Stock Performance

Shares of TSE ACQ traded up C$0.50 during midday trading on Thursday, reaching C$17.00. The company’s stock had a trading volume of 33,531 shares, compared to its average volume of 18,105. AutoCanada has a 12-month low of C$13.75 and a 12-month high of C$27.44. The firm has a 50 day moving average price of C$17.90 and a 200-day moving average price of C$17.03. The stock has a market capitalization of C$395.62 million, a P/E ratio of -7.84, a PEG ratio of 0.30 and a beta of 2.54. The company has a debt-to-equity ratio of 451.54, a current ratio of 1.03 and a quick ratio of 0.25.

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.