CIBC Cuts E Automotive (TSE:EINC) Price Target to C$17.00

E Automotive (TSE:EINCGet Rating) had its price target dropped by investment analysts at CIBC from C$27.00 to C$17.00 in a research report issued on Thursday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. CIBC’s price objective would indicate a potential upside of 94.29% from the stock’s previous close.

Several other research firms have also recently issued reports on EINC. Scotiabank reduced their price objective on shares of E Automotive from C$17.00 to C$15.00 in a research report on Thursday. Eight Capital reduced their price objective on shares of E Automotive from C$28.00 to C$22.00 and set a “buy” rating on the stock in a research report on Wednesday, March 23rd. ATB Capital lifted their price objective on shares of E Automotive from C$27.00 to C$28.00 and gave the company a “buy” rating in a research report on Wednesday, March 23rd. Laurentian Bank of Canada reduced their price objective on shares of E Automotive to C$21.50 and set a “buy” rating on the stock in a research report on Wednesday, March 23rd. Finally, Laurentian reduced their price objective on shares of E Automotive from C$25.00 to C$21.50 in a research report on Wednesday, March 23rd. Six analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of C$21.13.

Shares of TSE:EINC opened at C$8.75 on Thursday. The company has a debt-to-equity ratio of 7.94, a current ratio of 2.61 and a quick ratio of 2.56. E Automotive has a 1-year low of C$8.20 and a 1-year high of C$26.06. The stock has a market capitalization of C$420.42 million and a P/E ratio of -7.22. The firm’s 50 day moving average price is C$12.49.

E Automotive Company Profile (Get Rating)

E Automotive Inc provides digital auction and retailing platform for automotive wholesale and retail customers in Canada and the United States. The company operates its platforms under the EDealer and EBlock brands. It also develops, markets, and distributes digital retailing software for the automotive industry.

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Analyst Recommendations for E Automotive (TSE:EINC)

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