AutoCanada (TSE:ACQ – Free Report) had its price target reduced by Scotiabank from C$35.00 to C$26.00 in a research report sent to investors on Monday, BayStreet.CA reports. Scotiabank currently has a sector perform rating on the stock.
Other research analysts have also issued reports about the company. BMO Capital Markets cut their price objective on AutoCanada from C$26.00 to C$24.00 and set a market perform rating on the stock in a report on Friday, November 10th. CIBC lowered their price objective on AutoCanada from C$26.00 to C$22.50 and set a neutral rating on the stock in a research note on Friday, November 10th. ATB Capital lowered their price objective on AutoCanada from C$70.00 to C$62.00 in a research note on Friday, November 10th. Cormark lowered their price objective on AutoCanada from C$35.00 to C$29.75 in a research note on Friday, November 10th. Finally, Royal Bank of Canada boosted their price objective on AutoCanada from C$19.00 to C$22.00 and gave the stock a sector perform rating in a research note on Friday, August 11th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, AutoCanada has a consensus rating of Hold and an average price target of C$28.36.
AutoCanada Stock Performance
AutoCanada Inc, through its subsidiaries, operates franchised automobile dealerships. 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, extended service contracts, and vehicle protection, after-market products, and auction services.
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