Automotive Finco (CVE:AFCC) had its price target cut by equities research analysts at Canaccord Genuity from C$3.00 to C$2.25 in a research report issued on Thursday, reports. The firm presently has a “hold” rating on the stock. Canaccord Genuity’s price target would suggest a potential upside of 4.65% from the stock’s previous close.

Automotive Finco (AFCC) remained flat at $C$2.15 during trading hours on Thursday. The stock had a trading volume of 23,599 shares, compared to its average volume of 35,002. Automotive Finco has a fifty-two week low of C$1.50 and a fifty-two week high of C$4.43.

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About Automotive Finco

Automotive Finco Corp., a specialty finance company, focuses on the auto retail sector in Canada and internationally. The company, through its investment in Automotive Finance LP, intends to provide long term and debt based acquisition financing to auto dealerships. It also focuses on direct investments in the auto retail sector.

Stock Target Prices

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