National Bankshares Boosts Canadian Tire (TSE:CTC.A) Price Target to C$204.00

Canadian Tire (TSE:CTC.A) had its target price raised by National Bankshares from C$173.00 to C$204.00 in a research note issued to investors on Wednesday morning,BayStreet.CA reports. They currently have a sector perform rating on the stock.

Other research analysts also recently issued reports about the company. Jefferies Financial Group increased their target price on Canadian Tire from C$140.00 to C$164.00 in a research report on Friday, May 9th. Desjardins upped 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 research note on Friday, May 9th. BMO Capital Markets increased their price objective on shares of Canadian Tire from C$170.00 to C$175.00 in a research report on Friday, May 9th. Finally, TD Securities lifted their price objective on shares of Canadian Tire from C$170.00 to C$181.00 and gave the stock a “buy” rating in a research note on Friday, May 9th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of C$175.00.

Canadian Tire Price Performance

Shares of Canadian Tire stock opened at C$191.04 on Wednesday. The firm has a market cap of C$9.97 billion, a PE ratio of 27.89, a PEG ratio of 0.35 and a beta of 1.33. The stock has a 50 day moving average of C$178.20 and a 200 day moving average of C$160.72. The company has a current ratio of 1.79, a quick ratio of 1.15 and a debt-to-equity ratio of 173.58. Canadian Tire has a 12 month low of C$136.10 and a 12 month high of C$192.43.

Insider Transactions at Canadian Tire

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

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.