AutoCanada (TSE:ACQ – Free Report) 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.
Read Our Latest Stock Analysis on AutoCanada
AutoCanada Stock Up 1.5 %
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.
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