Canaccord Genuity upgraded shares of AutoCanada (TSE:ACQ) from a hold rating to a buy rating in a research report released on Monday morning. They currently have C$14.00 target price on the stock, up from their prior target price of C$11.00.

A number of other equities research analysts have also recently commented on ACQ. AltaCorp Capital cut AutoCanada from an outperform rating to a sector perform rating in a research note on Monday, August 13th. Cormark lifted their target price on AutoCanada from C$9.00 to C$10.75 in a research note on Wednesday, September 26th. Clarus Securities reiterated a buy rating on shares of AutoCanada in a research note on Friday, August 3rd. Royal Bank of Canada lowered their target price 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. Finally, National Bank Financial cut AutoCanada from an outperform rating to a sector perform rating and lowered their target price for the stock from C$23.50 to C$15.00 in a research note on Friday, August 10th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. AutoCanada has a consensus rating of Hold and a consensus price target of C$17.71.

ACQ opened at C$10.88 on Monday. The company has a quick ratio of 0.21, a current ratio of 1.13 and a debt-to-equity ratio of 243.34. AutoCanada has a 1 year low of C$8.36 and a 1 year high of C$24.98.

In other news, Director Paul Antony acquired 100,000 shares of the stock in a transaction that occurred on Thursday, August 30th. The shares were acquired at an average cost of C$12.85 per share, for a total transaction of C$1,285,000.00. Also, insider Michael Rawluk acquired 20,675 shares of the stock in a transaction that occurred on Tuesday, August 21st. The stock was purchased at an average price of C$12.07 per share, for a total transaction of C$249,547.25. Insiders have bought a total of 124,675 shares of company stock worth $1,572,427 over the last quarter.

About AutoCanada

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.

Read More: How To Calculate Debt-to-Equity Ratio

Analyst Recommendations for AutoCanada (TSE:ACQ)

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