AutoCanada Inc. (ACQ) PT Raised to C$22.00

AutoCanada Inc. (TSE:ACQ) had its price objective hoisted by equities researchers at Canaccord Genuity from C$21.00 to C$22.00 in a research note issued to investors on Monday. The brokerage currently has a “hold” rating on the stock. Canaccord Genuity’s price target points to a potential downside of 11.61% from the stock’s current price.

Other equities research analysts have also recently issued research reports about the stock. Royal Bank Of Canada increased their target price on shares of AutoCanada from C$22.00 to C$25.00 and gave the company a “sector perform” rating in a research report on Monday, August 14th. CIBC raised shares of AutoCanada from a “neutral” rating to a “sector outperform” rating and increased their target price for the company from C$22.00 to C$29.00 in a research report on Monday. Finally, Scotiabank increased their target price on shares of AutoCanada from C$22.00 to C$23.00 and gave the company a “sector perform” rating in a research report on Monday, August 14th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of C$25.00.

Shares of AutoCanada (ACQ) opened at C$24.89 on Monday. AutoCanada has a 52-week low of C$17.46 and a 52-week high of C$27.90.

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About AutoCanada

AutoCanada Inc (AutoCanada) is a Canada-based multi-location automobile dealership company. The Company offers a diversified range of automotive products and services, including new vehicles, used vehicles, vehicle leasing, vehicle parts, vehicle maintenance and collision repair services, extended service contracts, vehicle protection products and other after-market products.

Analyst Recommendations for AutoCanada (TSE:ACQ)

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