Canadian Tire (TSE:CTC.A) Price Target Raised to C$164.00

Canadian Tire (TSE:CTC.A) had its price objective increased by Jefferies Financial Group from C$140.00 to C$164.00 in a research report sent to investors on Friday morning,BayStreet.CA reports.

A number of other equities analysts also recently commented on CTC.A. BMO Capital Markets raised their target price on shares of Canadian Tire from C$170.00 to C$175.00 in a research note on Friday. Canaccord Genuity Group lowered their price target on shares of Canadian Tire from C$158.00 to C$153.00 in a report on Thursday, February 20th. Desjardins raised their price target on shares of Canadian Tire from C$170.00 to C$175.00 and gave the company a “buy” rating in a report on Friday. National Bankshares raised their price target on shares of Canadian Tire from C$70.00 to C$174.00 and gave the company a “sector perform” rating in a report on Friday, March 7th. Finally, TD Securities lowered their price target on shares of Canadian Tire from C$176.00 to C$170.00 and set a “buy” rating for the company in a report on Monday, April 28th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$171.25.

Canadian Tire Stock Performance

Shares of CTC.A stock opened at C$160.01 on Friday. The company’s fifty day simple moving average is C$148.38 and its 200-day simple moving average is C$152.04. Canadian Tire has a 52 week low of C$131.31 and a 52 week high of C$169.27. The company has a current ratio of 1.79, a quick ratio of 1.15 and a debt-to-equity ratio of 173.58. The company has a market cap of C$8.35 billion, a PE ratio of 23.36, a P/E/G ratio of 0.35 and a beta of 1.33.

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.