AutoCanada Inc. (TSE:ACQ – Get Free Report) shares hit a new 52-week low during mid-day trading on Thursday after Acumen Capital lowered their price target on the stock from C$21.50 to C$19.75. The company traded as low as C$14.20 and last traded at C$15.17, with a volume of 99287 shares. The stock had previously closed at C$14.91.
Other equities analysts have also recently issued reports about the company. Canaccord Genuity Group reduced their target price on AutoCanada from C$18.00 to C$15.00 and set a “hold” rating for the company in a research report on Wednesday. Royal Bank of Canada decreased their price objective on shares of AutoCanada from C$21.00 to C$18.00 and set a “sector perform” rating on the stock in a research report on Wednesday. CIBC lowered their target price on shares of AutoCanada from C$18.00 to C$15.50 and set an “underperform” rating on the stock in a research note on Wednesday. Scotiabank cut their price target on shares of AutoCanada from C$28.00 to C$25.50 and set an “outperform” rating for the company in a research note on Monday, May 6th. Finally, BMO Capital Markets lowered their price objective on shares of AutoCanada from C$21.00 to C$19.50 and set a “market perform” rating on the stock in a research report on Wednesday. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat, AutoCanada currently has an average rating of “Hold” and a consensus target price of C$19.11.
Insider Activity at AutoCanada
In related news, Director Christopher Harris acquired 5,000 shares of AutoCanada stock in a transaction dated Thursday, August 15th. The shares were purchased at an average cost of C$14.48 per share, with a total value of C$72,400.00. In the last 90 days, insiders have acquired 8,000 shares of company stock valued at $131,300. Insiders own 4.79% of the company’s stock.
AutoCanada Price Performance
The company has a quick ratio of 0.25, a current ratio of 1.05 and a debt-to-equity ratio of 408.35. The firm’s fifty day moving average price is C$19.21 and its 200-day moving average price is C$21.47. The stock has a market cap of C$338.91 million, a P/E ratio of 8.80, a PEG ratio of 0.30 and a beta of 2.54.
AutoCanada Company Profile
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.