AutoCanada (TSE:ACQ) Price Target Raised to C$22.00

AutoCanada (TSE:ACQ) had its price objective hoisted by Canaccord Genuity Group from C$17.00 to C$22.00 in a report issued on Thursday,BayStreet.CA reports.

Separately, CIBC lifted their target price on shares of AutoCanada from C$16.00 to C$17.00 in a research note on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of C$19.70.

AutoCanada Stock Performance

ACQ stock opened at C$18.09 on Thursday. The company has a debt-to-equity ratio of 451.54, a quick ratio of 0.25 and a current ratio of 1.03. The stock has a market cap of C$420.98 million, a P/E ratio of -8.35, a P/E/G ratio of 0.30 and a beta of 2.54. The firm has a 50 day simple moving average of C$17.92 and a 200 day simple moving average of C$17.04. AutoCanada has a 52 week low of C$13.75 and a 52 week high of C$27.44.

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.