AutoCanada (TSE:ACQ) Stock Price Expected to Rise, Canaccord Genuity Group Analyst Says

AutoCanada (TSE:ACQ) had its target price increased by Canaccord Genuity Group from C$17.00 to C$22.00 in a report released on Thursday,BayStreet.CA reports. Canaccord Genuity Group’s price objective indicates a potential upside of 25.57% from the company’s current price.

Separately, CIBC boosted their target price on shares of AutoCanada from C$16.00 to C$17.00 in a research report on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, AutoCanada currently has an average rating of “Hold” and an average price target of C$19.98.

AutoCanada Stock Down 3.2 %

ACQ stock opened at C$17.52 on Thursday. The company has a current ratio of 1.03, a quick ratio of 0.25 and a debt-to-equity ratio of 451.54. AutoCanada has a 1 year low of C$13.75 and a 1 year high of C$27.44. The company has a fifty day simple moving average of C$17.93 and a 200 day simple moving average of C$17.06. The firm has a market cap of C$407.72 million, a PE ratio of -8.08, a PEG ratio of 0.30 and a beta of 2.54.

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.