AutoCanada Inc. (TSE:ACQ) shares rose 4.6% during trading on Monday . The company traded as high as C$23.20 and last traded at C$22.91. Approximately 155,031 shares were traded during mid-day trading, an increase of 80% from the average daily volume of 85,981 shares. The stock had previously closed at C$21.91.

ACQ has been the topic of a number of research reports. Scotiabank lifted their price objective on AutoCanada from C$22.00 to C$23.00 and gave the stock a “sector perform” rating in a research note on Monday, August 14th. Royal Bank Of Canada lifted their price objective on AutoCanada from C$22.00 to C$25.00 and gave the stock a “sector perform” rating in a research note on Monday, August 14th. Finally, Canaccord Genuity lifted their price objective on AutoCanada from C$20.50 to C$21.00 in a research note on Monday, August 14th.

The stock has a 50 day moving average price of $21.13 and a 200-day moving average price of $20.83. The stock has a market cap of $632.14 million and a price-to-earnings ratio of 65.75.

The company also recently announced a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Thursday, August 31st were given a $0.10 dividend. The ex-dividend date was Tuesday, August 29th. This represents a $0.40 annualized dividend and a dividend yield of 1.73%.

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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.

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