Canadian Tire Co. Limited (TSE:CTC.A) Given Consensus Rating of “Hold” by Brokerages

Canadian Tire Co. Limited (TSE:CTC.A) has been assigned an average recommendation of “Hold” from the eight ratings firms that are currently covering the company, MarketBeat.com reports. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is C$157.25.

CTC.A has been the topic of a number of recent research reports. BMO Capital Markets downgraded shares of Canadian Tire from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from C$170.00 to C$150.00 in a research note on Tuesday, February 20th. Desjardins dropped their price objective on shares of Canadian Tire from C$170.00 to C$160.00 and set a “buy” rating on the stock in a research note on Friday, February 16th. National Bankshares dropped their price objective on shares of Canadian Tire from C$146.00 to C$144.00 and set a “sector perform” rating on the stock in a research note on Monday. Scotiabank lowered their target price on shares of Canadian Tire from C$158.00 to C$150.00 and set an “outperform” rating for the company in a research note on Friday, February 16th. Finally, CIBC lowered their target price on shares of Canadian Tire from C$153.00 to C$150.00 and set a “neutral” rating for the company in a research note on Friday, February 16th.

Insider Buying and Selling at Canadian Tire

In other news, Director Steve Frazier acquired 400 shares of the business’s stock in a transaction on Wednesday, February 21st. The stock was bought at an average price of C$103.73 per share, with a total value of C$41,490.00. 2.93% of the stock is owned by corporate insiders.

Canadian Tire Price Performance

Shares of CTC.A stock opened at C$132.45 on Thursday. The company has a debt-to-equity ratio of 180.91, a current ratio of 1.77 and a quick ratio of 1.15. The company has a market capitalization of C$6.91 billion, a P/E ratio of 35.04, a P/E/G ratio of 2.10 and a beta of 1.37. The company’s 50-day simple moving average is C$134.45 and its two-hundred day simple moving average is C$139.29. Canadian Tire has a one year low of C$126.25 and a one year high of C$189.82.

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.