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Automotive Finco Corp (AFCC) was Downgraded to a Hold Rating at Canaccord Genuity


Shares of Automotive Finco Corp (AFCC) were revisited by a Wall Street analyst yesterday. Analyst Raveel Afzaal from Canaccord Genuity rated Automotive Finco Corp (AFCC) a Hold, setting a C$1.70 price target.

According to TipRanks.com, Afzaal is ranked #4398 out of 5134 analysts.

Currently, the analyst consensus on Automotive Finco Corp is a Hold with an average price target of C$1.70.

The company has a one-year high of C$2.34 and a one-year low of C$1.55. Currently, Automotive Finco Corp has an average volume of 3,731.

Automotive Finco Corp. is an investment issuer company specializes in financing solutions. Its services include long term, debt based acquisition financing which include royalty like features, in connection with the financing of automotive dealerships, automotive dealer groups and other related businesses and assets on a global basis.

The company’s shares closed on Friday at C$1.55, equals to its 52-week low of C$1.55.