Canaccord Genuity Thinks Automotive Finco Corp’s Stock is Going to Recover

Today, an analyst has provided a rating update for the Financial sector company, Automotive Finco Corp (TSXV: AFCC). Analyst Raveel Afzaal from Canaccord Genuity remains bullish on the stock and has a C$2.25 price target.

According to TipRanks.com, Afzaal is ranked #2564 out of 4829 analysts.

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Automotive Finco Corp has an analyst consensus of Moderate Buy, with a price target consensus of C$2.25.

The company has a one-year high of C$2.60 and a one-year low of C$2.04. Currently, Automotive Finco Corp has an average volume of 6,629.

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 Tuesday at C$2.10, close to its 52-week low of C$2.04.