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

AutoCanada (TSE:ACQ) had its price objective hoisted by CIBC from C$16.00 to C$17.00 in a report released on Monday morning,BayStreet.CA reports.

Several other equities research analysts also recently weighed in 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 decreased 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 upped their price target for the stock from C$17.00 to C$21.00 in a research note on Thursday, November 14th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, AutoCanada presently has a consensus rating of “Hold” and a consensus target price of C$19.67.

AutoCanada Price Performance

ACQ stock opened at C$18.99 on Monday. The company has a market capitalization of C$440.38 million, a P/E ratio of -12.10, a PEG ratio of 0.30 and a beta of 2.54. AutoCanada has a twelve month low of C$13.75 and a twelve month high of C$27.44. The business has a 50 day simple moving average of C$18.25 and a 200-day simple moving average of C$16.92. The company has a current ratio of 1.03, a quick ratio of 0.25 and a debt-to-equity ratio of 444.38.

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.