AutoCanada (TSE:ACQ) Stock Price Expected to Rise, CIBC Analyst Says

AutoCanada (TSE:ACQ) had its price target hoisted by CIBC from C$15.00 to C$16.00 in a report published on Monday,BayStreet.CA reports. The firm currently has an underperform rating on the stock.

ACQ has been the topic of several other research reports. National Bank Financial upgraded shares of AutoCanada from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 13th. BMO Capital Markets cut their target price on shares of AutoCanada from C$19.50 to C$19.00 in a research note on Thursday, November 14th. Finally, National Bankshares raised shares of AutoCanada from a “sector perform” rating to an “outperform” rating and increased their price target for the stock from C$17.00 to C$21.00 in a research note on Thursday, November 14th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, AutoCanada presently has an average rating of “Hold” and an average price target of C$19.56.

AutoCanada Stock Performance

AutoCanada stock opened at C$17.40 on Monday. The company has a current ratio of 1.03, a quick ratio of 0.25 and a debt-to-equity ratio of 444.38. The firm has a market cap of C$403.51 million, a P/E ratio of -11.08, a P/E/G ratio of 0.30 and a beta of 2.54. AutoCanada has a 1-year low of C$13.75 and a 1-year high of C$27.44. The firm has a 50-day moving average of C$17.75 and a 200-day moving average of C$16.94.

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.