AutoCanada Inc (TSE:ACQ) Has Just Had Its Target Price per Share Downgraded by Investment Analysts at RBC Capital Markets to $33.00

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Analysis: AutoCanada Inc (TSE:ACQ) Upside Target Change Today

In an interesting research report finalized by RBC Capital Markets on Tuesday morning, the firm, AutoCanada Inc (TSE:ACQ), had their price target lowered to $33.00. Analusts presently have a solid Outperform rating on the stock.

From a total of 8 analysts covering Autocanada (TSE:ACQ) stock, 5 rate it a ”Buy”, 1 a “Sell”, and 4 a ”Hold”. This means that 50% of the ratings are positive. The highest target price is $33.55 while the lowest target price is $19.69. The mean of all analyst targets is $27.35 with a 69.57% above today’s ($22.41) stock price. Autocanada was the topic of 13 analyst reports since July 24, 2015 according to the firm StockzIntelligence Inc. Canaccord Genuity maintained shares on August 10 with “Hold” rating.

Approximately 265,024 shares of stock traded hands or 105.40% up from the average. AutoCanada Inc. (TSE:ACQ) has declined 55.53% since May 12, 2015 and is downtrending. It has underperformed by 51.85% the S&P500.

AutoCanada Inc (TSE:ACQ) Has Just Had Its Target Price per Share Downgraded by Investment Analysts at RBC Capital Markets to $33.00

AutoCanada Inc. is a Canada multi-location automobile dealership company. The company has a market cap of $615.37 million. The Firm operates around 48 dealerships, which consists of 56 franchises that include 12 in British Columbia, 25 in Alberta, four in Saskatchewan, four in Manitoba, five in Ontario and six in other provinces, including Quebec, New Brunswick and Nova Scotia. It has 12.43 P/E ratio. AutoCanada sells Chrysler, Dodge, Jeep, Ram, Fiat, Chevrolet, GMC, Buick, Cadillac, Infiniti, Nissan, Hyundai, Subaru, Mitsubishi, Audi, Volkswagen, Kia, BMW and MINI branded vehicles.

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