AutoCanada (TSE:ACQ) Price Target Cut to C$15.00

AutoCanada (TSE:ACQ) had its price target lowered by Canaccord Genuity Group from C$18.00 to C$15.00 in a research report report published on Wednesday, BayStreet.CA reports. Canaccord Genuity Group currently has a hold rating on the stock.

ACQ has been the topic of several other research reports. Atb Cap Markets cut shares of AutoCanada from an outperform rating to a sector perform rating in a research report on Friday, May 3rd. ATB Capital reduced their price target on shares of AutoCanada from C$25.00 to C$20.00 in a research report on Wednesday. Acumen Capital cut shares of AutoCanada from a speculative buy rating to a hold rating and reduced their price target for the stock from C$24.50 to C$21.50 in a research report on Friday, May 3rd. Scotiabank reduced their price target on shares of AutoCanada from C$28.00 to C$25.50 and set an outperform rating on the stock in a research report on Monday, May 6th. Finally, National Bankshares reduced their price target on shares of AutoCanada from C$20.00 to C$17.00 and set a sector perform rating on the stock in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, AutoCanada currently has an average rating of Hold and an average target price of C$19.11.

AutoCanada Stock Up 1.5 %

Shares of ACQ opened at C$14.65 on Wednesday. The stock has a market capitalization of C$343.84 million, a PE ratio of 8.93, a P/E/G ratio of 0.30 and a beta of 2.54. AutoCanada has a 1 year low of C$14.20 and a 1 year high of C$27.54. The company has a debt-to-equity ratio of 408.35, a quick ratio of 0.25 and a current ratio of 1.05. The company’s 50-day simple moving average is C$18.97 and its 200-day simple moving average is C$21.36.

Insider Activity at AutoCanada

In related news, Director Christopher Harris acquired 5,000 shares of the business’s stock in a transaction on Thursday, August 15th. The shares were bought at an average price of C$14.48 per share, with a total value of C$72,400.00. Insiders have bought a total of 8,000 shares of company stock valued at $131,300 over the last 90 days. 4.79% of the stock is owned by corporate 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.