AutoCanada (TSE:ACQ) Given New C$16.00 Price Target at CIBC

AutoCanada (TSE:ACQ) had its target price lifted by CIBC from C$15.00 to C$16.00 in a report released on Monday,BayStreet.CA reports. CIBC currently has an underperform rating on the stock.

Other equities research analysts also recently issued research reports about the stock. BMO Capital Markets reduced their price target on shares of AutoCanada from C$19.50 to C$19.00 in a research report on Thursday, November 14th. National Bankshares raised shares of AutoCanada from a “sector perform” rating to an “outperform” rating and increased their price target for the company from C$17.00 to C$21.00 in a report on Thursday, November 14th. Finally, National Bank Financial raised AutoCanada from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 13th. One research analyst has rated the stock with a sell rating, six have given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of C$19.56.

AutoCanada Price Performance

Shares of TSE:ACQ opened at C$16.91 on Monday. The company has a debt-to-equity ratio of 444.38, a current ratio of 1.03 and a quick ratio of 0.25. The stock’s 50 day moving average price is C$17.59 and its 200 day moving average price is C$16.97. AutoCanada has a 12 month low of C$13.75 and a 12 month high of C$27.44. The stock has a market cap of C$392.14 million, a price-to-earnings ratio of -10.77, a PEG ratio of 0.30 and a beta of 2.54.

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.