AutoCanada (TSE:ACQ) Price Target Cut to C$15.00 by Analysts at CIBC

AutoCanada (TSE:ACQ) had its price objective trimmed by CIBC from C$17.00 to C$15.00 in a research note released on Thursday,BayStreet.CA reports. The firm currently has an underperform rating on the stock.

Separately, Canaccord Genuity Group upped their target price on shares of AutoCanada from C$17.00 to C$22.00 in a research report on Thursday. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, AutoCanada has a consensus rating of “Hold” and a consensus target price of C$19.70.

AutoCanada Stock Performance

AutoCanada stock opened at C$18.09 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 market cap of C$420.98 million, a PE ratio of -8.35, a PEG ratio of 0.30 and a beta of 2.54. The company’s 50-day moving average is C$17.92 and its two-hundred day moving average is C$17.04.

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.