Canadian Tire (TSE:CTC.A) Price Target Raised to C$181.00

Canadian Tire (TSE:CTC.A) had its price objective hoisted by TD Securities from C$170.00 to C$181.00 in a report published on Friday,BayStreet.CA reports. They currently have a buy rating on the stock.

A number of other research analysts also recently commented on CTC.A. CIBC lowered their price objective on shares of Canadian Tire from C$165.00 to C$156.00 in a research report on Friday, February 14th. National Bankshares boosted their price objective on shares of Canadian Tire from C$70.00 to C$174.00 and gave the company a “sector perform” rating in a research report on Friday, March 7th. Canaccord Genuity Group lowered their price objective on shares of Canadian Tire from C$158.00 to C$153.00 in a research report on Thursday, February 20th. Desjardins boosted their price objective on shares of Canadian Tire from C$170.00 to C$175.00 and gave the company a “buy” rating in a research report on Friday. Finally, Jefferies Financial Group boosted their price objective on shares of Canadian Tire from C$140.00 to C$164.00 in a research report on Friday. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$171.25.

Canadian Tire Stock Performance

Shares of CTC.A opened at C$160.01 on Friday. The company’s 50 day moving average price is C$148.38 and its 200 day moving average price 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 market capitalization of C$8.35 billion, a PE ratio of 23.36, a PEG ratio of 0.35 and a beta of 1.33. The company has a debt-to-equity ratio of 173.58, a quick ratio of 1.15 and a current ratio of 1.79.

Canadian Tire Company Profile

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.