AutoCanada Inc. (TSE:ACQ) was upgraded by CIBC from a “neutral” rating to a “sector outperform” rating in a report released on Monday. The brokerage currently has a C$29.00 price target on the stock, up from their previous price target of C$22.00. CIBC’s price target would indicate a potential upside of 16.51% from the company’s previous close.
Other research analysts have also issued reports about the company. Royal Bank Of Canada lifted their target price on AutoCanada from C$22.00 to C$25.00 and gave the stock a “sector perform” rating in a report on Monday, August 14th. Canaccord Genuity lifted their target price on AutoCanada from C$20.50 to C$21.00 in a report on Monday, August 14th. Finally, Scotiabank lifted their target price on AutoCanada from C$22.00 to C$23.00 and gave the stock a “sector perform” rating in a report on Monday, August 14th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of C$25.00.
AutoCanada (TSE ACQ) opened at C$24.89 on Monday. AutoCanada has a fifty-two week low of C$17.46 and a fifty-two week high of C$27.90.
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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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