Analysts Set Canadian Tire Co. Limited (TSE:CTC.A) Price Target at C$171.25

Canadian Tire Co. Limited (TSE:CTC.A) has been assigned an average rating of “Moderate Buy” from the six research firms that are presently covering the firm, MarketBeat reports. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is C$171.25.

A number of brokerages recently issued reports on CTC.A. Desjardins increased their target price on Canadian Tire from C$170.00 to C$175.00 and gave the stock a “buy” rating in a report on Friday, May 9th. TD Securities lifted their price objective on Canadian Tire from C$170.00 to C$181.00 and gave the stock a “buy” rating in a report on Friday, May 9th. BMO Capital Markets raised their price objective on shares of Canadian Tire from C$170.00 to C$175.00 in a report on Friday, May 9th. Jefferies Financial Group boosted their price objective on Canadian Tire from C$140.00 to C$164.00 in a research note on Friday, May 9th. Finally, 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.

Insider Buying and Selling at Canadian Tire

In other news, Director Steve Frazier bought 450 shares of the business’s stock in a transaction on Monday, June 9th. The stock was acquired at an average price of C$178.77 per share, with a total value of C$80,447.09. Corporate insiders own 1.90% of the company’s stock.

Canadian Tire Stock Performance

Shares of Canadian Tire stock opened at C$185.54 on Tuesday. Canadian Tire has a 1-year low of C$135.30 and a 1-year high of C$187.20. 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 business has a 50-day moving average price of C$170.35 and a two-hundred day moving average price of C$157.96. The company has a market cap of C$9.69 billion, a P/E ratio of 27.09, a PEG 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.