AutoCanada Inc. (TSE:ACQ) Receives C$19.44 Consensus Target Price from Analysts

Shares of AutoCanada Inc. (TSE:ACQ) have received a consensus recommendation of “Hold” from the ten ratings firms that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, six have issued a hold recommendation, two have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is C$19.44.

Several analysts have weighed in on ACQ shares. CIBC decreased their price objective on shares of AutoCanada from C$15.50 to C$15.00 in a research note on Friday, November 15th. Cormark cut their price target on AutoCanada from C$25.50 to C$21.75 in a report on Wednesday, August 14th. Royal Bank of Canada reduced their price target on shares of AutoCanada from C$21.00 to C$18.00 and set a “sector perform” rating on the stock in a research report on Wednesday, August 14th. National Bank Financial raised shares of AutoCanada from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 13th. Finally, ATB Capital dropped their price objective on AutoCanada from C$25.00 to C$20.00 in a report on Wednesday, August 14th.

AutoCanada Stock Up 1.0 %

ACQ opened at C$18.75 on Friday. The firm has a market cap of C$434.81 million, a price-to-earnings ratio of -11.85, a PEG ratio of 0.30 and a beta of 2.54. The company has a debt-to-equity ratio of 444.38, a quick ratio of 0.25 and a current ratio of 1.03. The firm’s 50-day simple moving average is C$16.20 and its 200-day simple moving average is C$17.55. AutoCanada has a twelve month low of C$13.75 and a twelve month high of C$27.44.

Insider Buying and Selling

In related news, insider EdgePoint Investment Group Inc. bought 11,400 shares of the stock in a transaction that occurred on Friday, September 6th. The shares were acquired at an average price of C$14.33 per share, with a total value of C$163,349.46. Over the last 90 days, insiders acquired 93,700 shares of company stock worth $1,400,015. 4.90% of the stock is owned by insiders.

About AutoCanada

AutoCanada Inc, through its subsidiaries, operates franchised automobile dealerships and related business. 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, and extended service contracts; and vehicle protection, after-market products, and auction services.