AutoCanada Inc. (ACQ.TO) (TSE:ACQ) had its price objective hoisted by research analysts at Royal Bank of Canada from C$21.00 to C$24.00 in a report issued on Monday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Royal Bank of Canada’s price target would suggest a potential upside of 8.50% from the stock’s current price.
Several other research firms have also recently weighed in on ACQ. Cormark boosted their price target on AutoCanada Inc. (ACQ.TO) from C$20.25 to C$27.00 in a research note on Monday, October 19th. CIBC raised AutoCanada Inc. (ACQ.TO) from an “underperform” rating to a “neutral” rating and boosted their target price for the stock from C$9.00 to C$17.00 in a research report on Monday, August 17th. Canaccord Genuity raised their price target on shares of AutoCanada Inc. (ACQ.TO) from C$18.00 to C$22.00 in a report on Wednesday, October 7th. Scotiabank lifted their price target on shares of AutoCanada Inc. (ACQ.TO) from C$13.00 to C$18.50 in a research note on Friday, July 24th. Finally, National Bank Financial downgraded shares of AutoCanada Inc. (ACQ.TO) from a “sector perform” rating to an “underperform” rating and set a C$14.00 price objective on the stock. in a research report on Monday, September 21st.
ACQ stock traded down C$0.22 on Monday, reaching C$22.12. 159,494 shares of the company traded hands, compared to its average volume of 163,402. The firm has a fifty day simple moving average of C$18.68 and a 200-day simple moving average of C$12.33. The company has a debt-to-equity ratio of 472.98, a current ratio of 0.97 and a quick ratio of 0.25. The company has a market cap of $613.46 million and a P/E ratio of -6.90. AutoCanada Inc. has a one year low of C$4.60 and a one year high of C$23.09.
AutoCanada Inc. (ACQ.TO) Company Profile
AutoCanada Inc, through its subsidiaries, operates franchised automobile dealerships in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Quebec, Nova Scotia, and New Brunswick, Canada; and Illinois, the United States. 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 and other after-market products.
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