AutoCanada (TSE:ACQ) Given New C$36.00 Price Target at National Bankshares

AutoCanada (TSE:ACQ) had its target price boosted by National Bankshares from C$28.00 to C$36.00 in a research note released on Thursday morning,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

Other research analysts also recently issued reports about the company. Canaccord Genuity Group boosted their price objective on AutoCanada from C$24.00 to C$28.00 and gave the company a “buy” rating in a research note on Monday, July 14th. CIBC boosted their price objective on AutoCanada from C$23.00 to C$27.50 in a research note on Thursday, July 17th. Royal Bank Of Canada boosted their price objective on AutoCanada from C$18.00 to C$27.00 in a research note on Tuesday, July 22nd. BMO Capital Markets upgraded AutoCanada from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from C$20.00 to C$40.00 in a research note on Thursday. Finally, Cibc World Mkts upgraded AutoCanada from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 15th. Four investment analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of C$32.21.

AutoCanada Price Performance

TSE ACQ opened at C$30.99 on Thursday. The company has a 50-day moving average price of C$24.97 and a 200-day moving average price of C$20.23. The firm has a market capitalization of C$721.19 million, a P/E ratio of -14.30, a PEG ratio of 0.30 and a beta of 2.54. The company has a quick ratio of 0.25, a current ratio of 1.03 and a debt-to-equity ratio of 451.54. AutoCanada has a 52 week low of C$13.75 and a 52 week high of C$33.87.

Insiders Place Their Bets

In other AutoCanada news, insider EdgePoint Investment Group Inc. purchased 4,880 shares of the company’s stock in a transaction on Wednesday, May 21st. The stock was acquired at an average cost of C$19.78 per share, for a total transaction of C$96,548.36. In the last ninety days, insiders purchased 7,440 shares of company stock valued at $151,743. Corporate insiders own 4.90% of the company’s stock.

About AutoCanada

AutoCanada Inc operates car dealerships in Canada. The company offers new and used vehicles, spare parts, maintenance services, and customer financing. AutoCanada retails brands such as Chrysler, Dodge, Jeep, Ram, Cadillac, Chevrolet, Buick, GMC, Audi, Volkswagen, BMW, Mini, Infiniti, Nissan, Hyundai, Kia, Fiat, Mitsubishi, and Subaru.