AutoCanada Receives a Hold from Canaccord Genuity

By Carrie Williams

AutoCanada (TSX: ACQ), the Services sector company was revisited today, yet the Wall Street analyst remains currently on the sidelines. Analyst Derek Dley from Canaccord Genuity rated AutoCanada (TSX: ACQ) a Hold, setting a C$25 price target.

Dley noted:

“We are reiterating our HOLD rating and C$25.00 target price ahead of the company’s Q4/17 financial results.”

According to TipRanks.com, Dley is ranked #364 out of 4789 analysts.

AutoCanada has an analyst consensus of Hold, with a price target consensus of C$25.

AutoCanada’s market cap is currently C$566.1M and has a P/E ratio of 10.4.

AutoCanada, Inc. engages in the operation of franchised automobile dealerships. The firm offers a range of automotive products and services, including new and used vehicles, vehicle maintenance, and collision repair services.

The company’s shares closed on Tuesday at C$20.73.