AutoCanada (TSE:ACQ – Free Report) 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
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.
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