AutoCanada (TSE:ACQ) Price Target Raised to C$36.00 at Canaccord Genuity Group

AutoCanada (TSE:ACQ) had its price objective upped by Canaccord Genuity Group from C$34.00 to C$36.00 in a research report report published on Tuesday morning,BayStreet.CA reports.

ACQ has been the subject of a number of other research reports. Royal Bank Of Canada cut their target price on shares of AutoCanada from C$27.00 to C$23.00 and set a “sector perform” rating for the company in a research note on Friday, August 15th. ATB Capital cut their target price on shares of AutoCanada from C$32.00 to C$30.00 and set a “sector perform” rating for the company in a research note on Wednesday, October 29th. National Bankshares boosted their target price on shares of AutoCanada from C$28.00 to C$36.00 and gave the stock an “outperform” rating in a research note on Thursday, August 14th. BMO Capital Markets upgraded shares of AutoCanada from a “hold” rating to an “outperform” rating and boosted their price target for the stock from C$20.00 to C$40.00 in a research report on Thursday, August 14th. Finally, Cibc World Mkts upgraded shares of AutoCanada from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 25th. Two research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of C$34.57.

AutoCanada Stock Down 2.1%

ACQ stock opened at C$25.03 on Tuesday. The stock has a market capitalization of C$579.44 million, a P/E ratio of -30.90, a P/E/G ratio of 0.30 and a beta of 2.37. The firm has a 50-day simple moving average of C$30.92 and a 200-day simple moving average of C$25.90. The company has a quick ratio of 0.25, a current ratio of 1.03 and a debt-to-equity ratio of 451.54. AutoCanada has a 52 week low of C$14.03 and a 52 week high of C$35.48.

AutoCanada Company Profile

AutoCanada Inc operates car dealerships in Canada. The company offers new and used vehicles, spare parts, maintenance services, and customer financing. AutoCanada retails brands such as Chrysler, Dodge, Jeep, Ram, Cadillac, Chevrolet, Buick, GMC, Audi, Volkswagen, BMW, Mini, Infiniti, Nissan, Hyundai, Kia, Fiat, Mitsubishi, and Subaru.