AutoCanada’s (ACQ) “Sector Perform” Rating Reaffirmed at Scotiabank
AutoCanada Inc. (TSE:ACQ)‘s stock had its “sector perform” rating reaffirmed by Scotiabank in a research report issued on Wednesday. They currently have a C$23.00 target price on the stock. Scotiabank’s price target would indicate a potential upside of 7.58% from the stock’s previous close.
A number of other research analysts have also recently commented on ACQ. GMP Securities started coverage on shares of AutoCanada in a research note on Tuesday, June 28th. They set a “buy” rating for the company. CIBC raised their price target on shares of AutoCanada from C$22.00 to C$24.00 and gave the stock a “sector perform” rating in a research note on Monday, August 8th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of C$24.17.
Shares of AutoCanada (TSE:ACQ) traded up 0.61% during midday trading on Wednesday, hitting $21.38. The stock had a trading volume of 42,944 shares. The stock has a 50-day moving average of $22.39 and a 200 day moving average of $21.04. AutoCanada has a 52 week low of $16.06 and a 52 week high of $37.13. The stock has a market cap of $584.68 million and a PE ratio of 21.93.
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The business also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Thursday, September 15th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.87%. The ex-dividend date 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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