Raj Juneja Buys 1,000 Shares of AutoCanada Inc. (ACQ) Stock
AutoCanada Inc. (TSE:ACQ) insider Raj Juneja acquired 1,000 shares of the stock in a transaction that occurred on Wednesday, November 14th. The stock was purchased at an average price of C$11.75 per share, for a total transaction of C$11,750.00.
AutoCanada stock traded down C$0.22 during midday trading on Thursday, reaching C$10.87. The stock had a trading volume of 192,488 shares, compared to its average volume of 201,231. AutoCanada Inc. has a 12 month low of C$8.36 and a 12 month high of C$24.98. The company has a debt-to-equity ratio of 243.34, a quick ratio of 0.21 and a current ratio of 1.13.
A number of equities research analysts recently issued reports on the company. AltaCorp Capital cut AutoCanada from an “outperform” rating to a “sector perform” rating in a research note on Monday, August 13th. Cormark boosted their price objective on AutoCanada from C$9.00 to C$10.75 in a research note on Wednesday, September 26th. Clarus Securities restated a “buy” rating on shares of AutoCanada in a research note on Friday, August 3rd. Canaccord Genuity upgraded AutoCanada from a “hold” rating to a “buy” rating and boosted their price objective for the company from C$11.00 to C$14.00 in a research note on Monday. Finally, Royal Bank of Canada lowered their price objective on AutoCanada from C$18.00 to C$17.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 6th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of C$17.71.
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AutoCanada Inc, through its subsidiaries, operates franchised automobile dealerships in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Quebec, Nova Scotia, and New Brunswick. 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, extended service contracts, vehicle protection products, and other after-market products.
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