Analyst Activity – Royal Bank of Canada Lowers Its Price Target On AutoCanada (TSE:ACQ) to C$23.00

Analyst Ratings For AutoCanada (TSE:ACQ)

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Today, Royal Bank of Canada lowered its price target on AutoCanada (TSE:ACQ) to C$23.00 per share.

There are 1 sell rating, 3 hold ratings, 1 buy rating on the stock.

The current consensus rating on AutoCanada (TSE:ACQ) is Hold (Score: 2.00) with a consensus target price of C$22.40 per share, a potential .

Some recent analyst ratings include

  • 3/17/2017-Scotiabank Reiterated Rating of Sector Perform.
  • 6/28/2016-GMP Securities initiated coverage with a Buy rating.
  • 2/8/2016-AltaCorp Capital Upgrade from a “Sector Perform ” rating to a ” Outperform” rating.

    About AutoCanada (TSE:ACQ)
    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. The Company also arranges financing and insurance for vehicle purchases by its customers through third-party finance and insurance sources. The Company’s business, held through its subsidiaries, is the operation of franchised automobile dealerships in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Quebec, Nova Scotia and New Brunswick. The Company operates approximately 50 dealerships, including over 60 franchises. It also offers a range of parts, service and collision repair services, extended warranties, and replacement and aftermarket automotive products.

    Recent Trading Activity for AutoCanada (TSE:ACQ)
    Shares of AutoCanada closed the previous trading session at 21.36 down -0.44 -2.02% with 326,963 shares trading hands.

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