AutoCanada Inc. (ACQ) Price Target Cut to C$23.00

AutoCanada Inc. (TSE:ACQ) had its target price reduced by equities researchers at Royal Bank of Canada from C$26.00 to C$23.00 in a research report issued to clients and investors on Tuesday, StockTargetPrices.com reports. The brokerage presently has a “sector perform” rating on the stock. Royal Bank of Canada’s target price would suggest a potential upside of 7.68% from the company’s current price.

ACQ has been the subject of several other reports. Scotiabank reaffirmed a “sector perform” rating and set a C$22.00 price objective on shares of AutoCanada in a research report on Friday. CIBC decreased their price objective on shares of AutoCanada from C$22.00 to C$20.00 in a research report on Monday. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of C$22.40.

Analyst Recommendations for AutoCanada (TSE:ACQ)

Shares of AutoCanada (TSE:ACQ) opened at 21.36 on Tuesday. The stock’s market capitalization is $584.13 million. AutoCanada has a 1-year low of $16.10 and a 1-year high of $27.90. The stock’s 50 day moving average is $24.27 and its 200 day moving average is $23.18.

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 15th. Investors of record on Wednesday, March 15th were given a $0.10 dividend. The ex-dividend date was Friday, February 24th. This represents a $0.40 dividend on an annualized basis and a yield of 1.87%.

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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.

Stock Target Prices

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