AutoCanada Inc. (TSE:ACQ) Given Average Recommendation of “Hold” by Brokerages

Shares of AutoCanada Inc. (TSE:ACQ) have received an average recommendation of “Hold” from the ten research firms that are covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, six have given a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is C$19.44.

ACQ has been the topic of a number of research reports. BMO Capital Markets decreased their price objective on AutoCanada from C$19.50 to C$19.00 in a report on Thursday, November 14th. National Bank Financial raised shares of AutoCanada from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 13th. National Bankshares raised shares of AutoCanada from a “sector perform” rating to an “outperform” rating and upped their price objective for the company from C$17.00 to C$21.00 in a research note on Thursday, November 14th. Finally, CIBC decreased their target price on shares of AutoCanada from C$15.50 to C$15.00 in a research report on Friday, November 15th.

Insider Buying and Selling at AutoCanada

In other AutoCanada news, insider EdgePoint Investment Group Inc. purchased 27,200 shares of the company’s stock in a transaction that occurred on Friday, September 20th. The stock was bought at an average price of C$15.47 per share, with a total value of C$420,900.96. Corporate insiders own 4.90% of the company’s stock.

AutoCanada Stock Up 0.1 %

ACQ opened at C$18.41 on Tuesday. The company has a quick ratio of 0.25, a current ratio of 1.03 and a debt-to-equity ratio of 444.38. The business’s fifty day simple moving average is C$16.93 and its 200 day simple moving average is C$17.34. AutoCanada has a 52 week low of C$13.75 and a 52 week high of C$27.44. The stock has a market cap of C$426.93 million, a PE ratio of -11.73, a P/E/G 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.