Analysts Set Canadian Tire Co. Limited (TSE:CTC.A) PT at C$203.75

Canadian Tire Co. Limited (TSE:CTC.A – Get Rating) has been assigned an average rating of “Buy” from the eight brokerages that are presently covering the firm, MarketBeat reports. Five investment analysts have rated the stock with a buy recommendation. The average 12 month price target among brokerages that have issued a report on the stock in the last year is C$203.75.

Several brokerages recently issued reports on CTC.A. National Bankshares raised their price target on Canadian Tire from C$164.00 to C$195.00 and gave the stock an “outperform” rating in a report on Friday, February 17th. CIBC raised their target price on Canadian Tire from C$185.00 to C$195.00 and gave the company an “outperform” rating in a research note on Friday, February 17th. BMO Capital Markets restated a “buy” rating and set a C$196.00 price target (up previously from C$181.00) on shares of Canadian Tire in a research report on Friday, February 17th. Scotiabank lifted their price objective on shares of Canadian Tire from C$180.00 to C$196.00 in a research report on Friday, February 17th. Finally, Royal Bank of Canada upped their target price on shares of Canadian Tire from C$222.00 to C$225.00 and gave the stock an “outperform” rating in a research report on Friday, February 17th.

Canadian Tire Stock Performance

Shares of TSE CTC.A opened at C$164.16 on Thursday. The company has a quick ratio of 1.15, a current ratio of 1.61 and a debt-to-equity ratio of 145.08. The firm’s 50-day moving average price is C$163.85 and its two-hundred day moving average price is C$155.02. Canadian Tire has a 52-week low of C$139.24 and a 52-week high of C$195.00. The stock has a market capitalization of C$8.82 billion, a P/E ratio of 9.39, a P/E/G ratio of 0.37 and a beta of 1.26.

Canadian Tire Company Profile

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Canadian Tire Corporation, Limited provides a range of retail goods and services in Canada. The company operates through three segments: Retail, CT REIT, and Financial Services. The Retail segment retails general merchandise, apparel, footwear, sporting equipment, gasoline, sporting goods and active wear, and workwear under the Canadian Tire, SportChek, Sports Experts, National Sports, Pro Hockey Life, Atmosphere, Mark's, PartSource, Gas+, and Helly Hansen banners.