AutoCanada Inc. (TSE:ACQ) had its price target trimmed by Royal Bank of Canada from C$26.00 to C$23.00 in a research note published on Tuesday. The brokerage currently has a sector perform rating on the stock.

Several other research firms have also commented on ACQ. CIBC cut their price target on AutoCanada from C$22.00 to C$20.00 in a research report on Monday, March 20th. Scotiabank reaffirmed a sector perform rating and set a C$22.00 price target on shares of AutoCanada in a research report on Friday, March 10th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of Hold and an average price target of C$21.25.

Shares of AutoCanada (TSE:ACQ) opened at 23.03 on Tuesday. The stock has a 50 day moving average of $22.80 and a 200-day moving average of $23.25. The stock has a market cap of $630.01 million and a PE ratio of 255.89. AutoCanada has a 52 week low of $18.55 and a 52 week high of $27.90.

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In related news, Director Barry Lee James bought 1,895 shares of the stock in a transaction on Wednesday, March 22nd. The shares were bought at an average cost of C$21.10 per share, for a total transaction of C$39,984.50.

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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