Canadian Tire (TSE:CTC.A) Price Target Lowered to C$144.00 at National Bankshares

Canadian Tire (TSE:CTC.A) had its price target reduced by National Bankshares from C$146.00 to C$144.00 in a report issued on Monday morning, BayStreet.CA reports. National Bankshares currently has a sector perform rating on the stock.

CTC.A has been the subject of a number of other reports. CIBC reduced their price target on shares of Canadian Tire from C$153.00 to C$150.00 and set a neutral rating for the company in a report on Friday, February 16th. BMO Capital Markets downgraded Canadian Tire from an outperform rating to a market perform rating and decreased their target price for the stock from C$170.00 to C$150.00 in a research report on Tuesday, February 20th. Royal Bank of Canada cut their price target on Canadian Tire from C$199.00 to C$195.00 and set an outperform rating for the company in a report on Friday, February 16th. Canaccord Genuity Group downgraded Canadian Tire from a buy rating to a hold rating and reduced their price objective for the stock from C$167.00 to C$154.00 in a research report on Wednesday, February 7th. Finally, Scotiabank lowered their price objective on Canadian Tire from C$158.00 to C$150.00 and set an outperform rating on the stock in a research report on Friday, February 16th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, Canadian Tire presently has a consensus rating of Hold and a consensus price target of C$162.22.

Canadian Tire Stock Down 0.7 %

Canadian Tire stock opened at C$133.81 on Monday. The company has a debt-to-equity ratio of 180.91, a current ratio of 1.77 and a quick ratio of 1.15. Canadian Tire has a fifty-two week low of C$126.25 and a fifty-two week high of C$189.82. The firm has a fifty day moving average price of C$134.58 and a two-hundred day moving average price of C$139.34. The firm has a market cap of C$6.98 billion, a price-to-earnings ratio of 35.40, a P/E/G ratio of 2.10 and a beta of 1.37.

Insider Activity at Canadian Tire

In other Canadian Tire news, Director Steve Frazier bought 400 shares of the stock in a transaction dated Wednesday, February 21st. The stock was bought at an average cost of C$103.73 per share, for a total transaction of C$41,490.00. Insiders own 2.93% of the company’s stock.

About Canadian Tire

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.