AutoCanada Inc. (ACQ) Earns “Sector Perform” Rating from Scotiabank

Scotiabank restated their sector perform rating on shares of AutoCanada Inc. (TSE:ACQ) in a research report released on Wednesday morning. Scotiabank currently has a C$23.00 price objective on the stock.

Several other brokerages also recently issued reports on ACQ. CIBC boosted their target price on shares of AutoCanada from C$22.00 to C$24.00 and gave the company a sector perform rating in a research note on Monday, August 8th. GMP Securities started coverage on shares of AutoCanada in a report on Tuesday, June 28th. They set a buy rating on the stock. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average target price of C$24.17.

Shares of AutoCanada (TSE:ACQ) opened at 21.72 on Wednesday. The stock’s 50 day moving average price is $22.45 and its 200 day moving average price is $21.10. The firm has a market cap of $593.98 million and a PE ratio of 22.28. AutoCanada has a 12-month low of $16.06 and a 12-month high of $37.13.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Thursday, September 15th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.84%. The ex-dividend date was Monday, August 29th.

About AutoCanada

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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