AutoCanada Inc. (ACQ) Receives C$23.00 Consensus Target Price from Analysts
AutoCanada Inc. (TSE:ACQ) has received a consensus rating of “Hold” from the seven ratings firms that are currently covering the firm. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is C$23.00.
A number of brokerages have issued reports on ACQ. CIBC lifted their target price on shares of AutoCanada from C$22.00 to C$24.00 and gave the company a “sector perform” rating in a research note on Monday, August 8th. Scotiabank reissued a “sector perform” rating and set a C$23.00 target price on shares of AutoCanada in a research note on Friday, November 4th. Finally, Royal Bank Of Canada decreased their target price on shares of AutoCanada from C$27.00 to C$24.00 and set an “outperform” rating for the company in a research note on Monday, November 7th.
AutoCanada (TSE:ACQ) opened at 20.45 on Monday. The company’s market cap is $559.25 million. The stock’s 50 day moving average is $22.24 and its 200 day moving average is $22.02. AutoCanada has a 12 month low of $16.06 and a 12 month high of $25.55.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Thursday, December 15th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.96%. The ex-dividend date is Monday, November 28th.
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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.
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