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

AutoCanada (TSE:ACQ) had its price target lowered by CIBC from C$17.00 to C$15.00 in a report issued on Thursday morning,BayStreet.CA reports. The brokerage currently has an underperform rating on the stock.

Separately, Canaccord Genuity Group raised their target price on AutoCanada from C$17.00 to C$22.00 in a research note on Thursday. One investment analyst has rated the stock with a sell rating, six have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of C$19.98.

AutoCanada Trading Down 3.2 %

Shares of ACQ stock opened at C$17.52 on Thursday. The stock has a market cap of C$407.72 million, a price-to-earnings ratio of -8.08, a PEG ratio of 0.30 and a beta of 2.54. The stock has a 50-day moving average of C$17.93 and a 200-day moving average of C$17.08. The company has a current ratio of 1.03, a quick ratio of 0.25 and a debt-to-equity ratio of 451.54. AutoCanada has a 1-year low of C$13.75 and a 1-year high of C$27.44.

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.