AutoCanada Inc. (ACQ) Rating Reiterated by Scotiabank
AutoCanada Inc. (TSE:ACQ)‘s stock had its “sector perform” rating reiterated by equities researchers at Scotiabank in a research note issued to investors on Wednesday. They currently have a C$23.00 price target on the stock. Scotiabank’s price target indicates a potential upside of 5.55% from the stock’s current price.
ACQ has been the topic of several other reports. GMP Securities initiated coverage on shares of AutoCanada in a research report on Tuesday, June 28th. They set a “buy” rating on the stock. CIBC raised their price objective on shares of AutoCanada from C$22.00 to C$24.00 and gave the stock a “sector perform” rating in a research report on Monday, August 8th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of C$24.17.
Shares of AutoCanada (TSE:ACQ) opened at 21.79 on Wednesday. The stock has a market cap of $595.89 million and a PE ratio of 22.35. AutoCanada has a 52 week low of $16.06 and a 52 week high of $37.13. The company’s 50-day moving average is $22.44 and its 200 day moving average is $21.05.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Thursday, September 15th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.84%. The ex-dividend date was Monday, August 29th.
AutoCanada Company Profile
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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