Canaccord Genuity Group Boosts AutoCanada (TSE:ACQ) Price Target to C$22.00

AutoCanada (TSE:ACQ) had its price target lifted by equities research analysts at Canaccord Genuity Group from C$17.00 to C$22.00 in a research note issued to investors on Thursday,BayStreet.CA reports. Canaccord Genuity Group’s price target suggests a potential upside of 25.57% from the company’s current price.

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

AutoCanada Stock Performance

TSE ACQ opened at C$17.52 on Thursday. The company has a quick ratio of 0.25, a current ratio of 1.03 and a debt-to-equity ratio of 451.54. The stock has a market cap of C$407.72 million, a P/E ratio of -8.08, 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 company’s 50-day simple moving average is C$17.93 and its 200 day simple moving average is C$17.06.

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.