Scotiabank Raises AutoCanada (OTCMKTS:AOCIF) Price Target to C$50.00

AutoCanada (OTCMKTS:AOCIFGet Rating) had its price target upped by Scotiabank from C$48.00 to C$50.00 in a research report released on Friday, The Fly reports.

A number of other brokerages have also issued reports on AOCIF. Canaccord Genuity Group lowered their target price on shares of AutoCanada from C$60.00 to C$55.00 in a research note on Monday, May 2nd. CIBC boosted their target price on shares of AutoCanada from C$46.00 to C$46.50 in a research note on Monday, April 25th. Finally, National Bank Financial lowered shares of AutoCanada from an outperform rating to a sector perform rating in a research note on Friday. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of Buy and a consensus price target of $56.00.

OTCMKTS AOCIF traded down $0.16 on Friday, hitting $22.49. 200 shares of the stock were exchanged, compared to its average volume of 1,724. The stock has a fifty day moving average price of $25.17 and a two-hundred day moving average price of $28.35. AutoCanada has a 52-week low of $21.66 and a 52-week high of $47.00.

About AutoCanada (Get Rating)

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 and other after-market products.

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