AutoCanada (OTCMKTS:AOCIF) Receives New Coverage from Analysts at Royal Bank of Canada

Royal Bank of Canada started coverage on shares of AutoCanada (OTCMKTS:AOCIF – Get Rating) in a report published on Thursday morning, The Fly reports. The brokerage issued a sector perform rating on the stock.

Other analysts have also recently issued reports about the company. Scotiabank reduced their price objective on AutoCanada from C$35.00 to C$34.00 in a research note on Friday, March 3rd. CIBC reduced their price target on AutoCanada from C$27.00 to C$22.00 in a research report on Friday, May 5th. Finally, BMO Capital Markets lowered their price objective on AutoCanada from C$25.00 to C$20.00 in a research report on Friday, May 5th.

AutoCanada Price Performance

Shares of AOCIF opened at $11.36 on Thursday. AutoCanada has a fifty-two week low of $11.36 and a fifty-two week high of $24.14. The firm’s 50 day moving average price is $13.71 and its 200 day moving average price is $17.04.

About AutoCanada

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AutoCanada, Inc engages in the operation of franchised automobile dealerships. It operates through the Canada and United States geographical segment. The firm offers a range of automotive products and services, including new and used vehicles, vehicle maintenance, and collision repair services, extended service contracts, and vehicle protection products.