Canaccord Genuity Lowers Automotive Finco (AFCC) Price Target to C$2.25

Automotive Finco (CVE:AFCC) had its price target cut by research analysts at Canaccord Genuity from C$3.00 to C$2.25 in a research note issued on Thursday, December 7th. The firm currently has a “hold” rating on the stock. Canaccord Genuity’s target price suggests a potential upside of 4.65% from the company’s previous close.

Automotive Finco (CVE:AFCC) traded up C$0.05 during trading hours on Thursday, reaching C$2.15. 3,066 shares of the company were exchanged, compared to its average volume of 4,332. Automotive Finco has a 12 month low of C$1.58 and a 12 month high of C$4.43. The stock has a market capitalization of $47.30, a PE ratio of 107.50 and a beta of 0.42.

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Automotive Finco Company Profile

Automotive Finco Corp., a specialty finance company, focuses on the auto retail sector in Canada and internationally. The company, through its investment in Automotive Finance LP, intends to provide long term and debt based acquisition financing to auto dealerships. It also focuses on direct investments in the auto retail sector.

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