Drew Forret Purchases 1,000 Shares of AutoCanada Inc. (TSE:ACQ) Stock

AutoCanada Inc. (TSE:ACQ) Senior Officer Drew Forret bought 1,000 shares of the firm’s stock in a transaction on Wednesday, June 25th. The stock was bought at an average cost of C$22.09 per share, for a total transaction of C$22,090.00.

AutoCanada Stock Performance

TSE:ACQ opened at C$21.86 on Friday. AutoCanada Inc. has a 52 week low of C$13.75 and a 52 week high of C$23.27. The company has a fifty day simple moving average of C$19.68 and a two-hundred day simple moving average of C$18.19. The company has a quick ratio of 0.25, a current ratio of 1.03 and a debt-to-equity ratio of 451.54. The company has a market cap of C$508.72 million, a price-to-earnings ratio of -10.09, a price-to-earnings-growth ratio of 0.30 and a beta of 2.54.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on ACQ. ATB Capital boosted their price target on shares of AutoCanada from C$18.00 to C$18.50 and gave the company a “sector perform” rating in a research note on Thursday, March 27th. Acumen Capital upgraded AutoCanada from a “hold” rating to a “speculative buy” rating and upped their price target for the stock from C$20.00 to C$22.50 in a research note on Friday, March 21st. CIBC upgraded AutoCanada from an “underperform” rating to a “neutral” rating and raised their price target for the stock from C$15.00 to C$23.00 in a research report on Thursday, May 22nd. Cibc World Mkts upgraded AutoCanada from a “strong sell” rating to a “hold” rating in a report on Thursday, May 15th. Finally, Canaccord Genuity Group raised their target price on AutoCanada from C$22.00 to C$24.00 and gave the company a “buy” rating in a report on Thursday, May 22nd. Six research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, AutoCanada presently has a consensus rating of “Moderate Buy” and an average target price of C$20.31.

About AutoCanada

AutoCanada Inc, through its subsidiaries, operates franchised automobile dealerships and related business. 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, and extended service contracts; and vehicle protection, after-market products, and auction services.