AutoCanada Inc. (ACQ) Stock Rating Reaffirmed by Scotiabank
AutoCanada Inc. (TSE:ACQ)‘s stock had its “sector perform” rating reaffirmed by stock analysts at Scotiabank in a report released on Wednesday. They presently have a C$23.00 target price on the stock. Scotiabank’s price objective would indicate a potential upside of 8.24% from the company’s current price.
Other equities research analysts have also issued research reports about the stock. CIBC lifted their price objective 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. GMP Securities assumed coverage on shares of AutoCanada in a research note on Tuesday, June 28th. They issued a “buy” rating for the company. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of C$24.17.
AutoCanada (TSE:ACQ) traded up 0.52% during trading on Wednesday, reaching $21.36. The company had a trading volume of 13,641 shares. The firm has a 50-day moving average price of $22.39 and a 200 day moving average price of $21.04. AutoCanada has a 12-month low of $16.06 and a 12-month high of $37.13. The stock has a market cap of $584.13 million and a P/E ratio of 21.91.
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The company also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Thursday, September 15th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date of this dividend was Monday, August 29th.
AutoCanada Company Profile
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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