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

Canadian Tire Co. Limited (TSE:CTC.A) has earned a consensus rating of “Moderate Buy” from the six research firms that are covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is C$152.40.

A number of research firms have recently issued reports on CTC.A. National Bankshares raised their price target on Canadian Tire from C$70.00 to C$174.00 and gave the stock a “sector perform” rating in a research note on Friday, March 7th. Canaccord Genuity Group cut their price target on Canadian Tire from C$158.00 to C$153.00 in a research note on Thursday, February 20th. Jefferies Financial Group dropped their price objective on shares of Canadian Tire from C$145.00 to C$140.00 in a report on Friday, March 7th. BMO Capital Markets raised shares of Canadian Tire from a “market perform” rating to an “outperform” rating and set a C$170.00 target price for the company in a report on Thursday, February 20th. Finally, TD Securities lowered their target price on Canadian Tire from C$182.00 to C$176.00 and set a “buy” rating on the stock in a research report on Friday, February 14th.

Canadian Tire Stock Down 0.4 %

CTC.A opened at C$146.98 on Thursday. The company has a quick ratio of 1.15, a current ratio of 1.79 and a debt-to-equity ratio of 173.58. Canadian Tire has a twelve month low of C$127.59 and a twelve month high of C$169.27. The stock has a market capitalization of C$7.67 billion, a price-to-earnings ratio of 21.46, a PEG ratio of 0.35 and a beta of 1.33. The firm has a 50 day moving average price of C$146.47 and a 200-day moving average price of C$153.02.

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.