AutoCanada (TSE:ACQ) Given New C$26.00 Price Target at Scotiabank

AutoCanada (TSE:ACQ) had its target price decreased by Scotiabank from C$35.00 to C$26.00 in a report issued on Monday morning, BayStreet.CA reports. Scotiabank currently has a sector perform rating on the stock.

ACQ has been the subject of a number of other reports. ATB Capital decreased their price target on AutoCanada from C$70.00 to C$62.00 in a research note on Friday. Cormark lowered their price objective on AutoCanada from C$35.00 to C$29.75 in a research report on Friday. CIBC lowered their price target on AutoCanada from C$26.00 to C$22.50 and set a neutral rating for the company in a research report on Friday. Royal Bank of Canada lifted their price target on AutoCanada from C$19.00 to C$22.00 and gave the stock a sector perform rating in a research report on Friday, August 11th. Finally, BMO Capital Markets decreased their price objective on AutoCanada from C$26.00 to C$24.00 and set a market perform rating for the company in a report on Friday. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, AutoCanada presently has a consensus rating of Hold and an average target price of C$28.36.

AutoCanada Price Performance

TSE:ACQ opened at C$19.55 on Monday. The company has a current ratio of 0.98, a quick ratio of 0.25 and a debt-to-equity ratio of 377.60. The company has a market capitalization of C$461.58 million, a P/E ratio of 5.31, a P/E/G ratio of 0.30 and a beta of 2.66. AutoCanada has a 12 month low of C$15.14 and a 12 month high of C$30.80. The business’s 50-day moving average is C$24.68 and its 200 day moving average is C$21.89.

About AutoCanada

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, after-market products, and auction services.