AutoCanada (TSE:ACQ) Price Target Raised to C$27.00

AutoCanada (TSE:ACQ – Free Report) had its price objective upped by Royal Bank Of Canada from C$18.00 to C$27.00 in a research note issued to investors on Tuesday morning,BayStreet.CA reports.

A number of other analysts have also recently commented on ACQ. ATB Capital upped their price target on shares of AutoCanada from C$18.00 to C$18.50 and gave the company a “sector perform” rating in a research note on Thursday, March 27th. Cibc World Mkts upgraded AutoCanada from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 15th. CIBC increased their price objective on AutoCanada from C$23.00 to C$27.50 in a report on Thursday, July 17th. Finally, Canaccord Genuity Group increased their price objective on AutoCanada from C$24.00 to C$28.00 and gave the company a “buy” rating in a report on Monday, July 14th. Six analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, AutoCanada currently has an average rating of “Moderate Buy” and an average target price of C$22.25.

View Our Latest Stock Report on ACQ

AutoCanada Trading Down 1.9%

TSE ACQ opened at C$27.80 on Tuesday. AutoCanada has a twelve month low of C$13.75 and a twelve month high of C$30.65. The company has a debt-to-equity ratio of 451.54, a quick ratio of 0.25 and a current ratio of 1.03. The stock has a market cap of C$646.95 million, a price-to-earnings ratio of -12.83, a PEG ratio of 0.30 and a beta of 2.54. The firm’s 50 day moving average price is C$22.92 and its two-hundred day moving average price is C$19.15.

Insider Activity at AutoCanada

In other AutoCanada news, insider EdgePoint Investment Group Inc. acquired 4,880 shares of the firm’s stock in a transaction that occurred on Wednesday, May 21st. The shares were acquired at an average cost of C$19.78 per share, for a total transaction of C$96,548.36. In the last 90 days, insiders have acquired 88,280 shares of company stock worth $1,809,060. 4.90% of the stock is currently owned by insiders.

About AutoCanada

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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.