Canadian Tire (TSE:CTC.A) PT Raised to C$160.00

Canadian Tire (TSE:CTC.AFree Report) had its price target hoisted by TD Securities from C$153.00 to C$160.00 in a research report released on Friday, BayStreet.CA reports.

CTC.A has been the topic of several other reports. National Bankshares dropped their target price on shares of Canadian Tire from C$146.00 to C$144.00 and set a sector perform rating on the stock in a report on Monday, April 29th. Canaccord Genuity Group cut their price objective on shares of Canadian Tire from C$40.00 to C$37.00 and set a hold rating on the stock in a report on Monday, May 6th. BMO Capital Markets downgraded shares of Canadian Tire from an outperform rating to a market perform rating and reduced their price objective for the stock from C$170.00 to C$150.00 in a research note on Tuesday, February 20th. CIBC cut their price target on Canadian Tire from C$153.00 to C$150.00 and set a neutral rating on the stock in a report on Friday, February 16th. Finally, Royal Bank of Canada decreased their price objective on Canadian Tire from C$199.00 to C$195.00 and set an outperform rating for the company in a research note on Friday, February 16th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Canadian Tire has a consensus rating of Hold and an average price target of C$144.63.

Read Our Latest Research Report on CTC.A

Canadian Tire Price Performance

Shares of CTC.A stock opened at C$145.27 on Friday. Canadian Tire has a twelve month low of C$126.25 and a twelve month high of C$189.82. The company has a current ratio of 1.76, a quick ratio of 1.15 and a debt-to-equity ratio of 186.00. The stock has a fifty day simple moving average of C$134.21 and a two-hundred day simple moving average of C$139.24. The stock has a market capitalization of C$7.58 billion, a price-to-earnings ratio of 28.94, a P/E/G ratio of 2.10 and a beta of 1.37.

Insider Transactions at Canadian Tire

In related news, Director Steve Frazier bought 400 shares of the company’s stock in a transaction on Wednesday, February 21st. The shares were bought at an average price of C$103.73 per share, with a total value of C$41,490.00. Insiders own 1.90% of the company’s stock.

About Canadian Tire

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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.

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Analyst Recommendations for Canadian Tire (TSE:CTC.A)

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