Canadian Tire (TSE:CTC.A) Price Target Raised to C$160.00

Canadian Tire (TSE:CTC.A) had its target price hoisted by Canaccord Genuity Group from C$157.00 to C$160.00 in a report released on Monday morning,BayStreet.CA reports. The brokerage currently has a hold rating on the stock.

Several other brokerages have also recently commented on CTC.A. BMO Capital Markets upped their target price on shares of Canadian Tire from C$152.00 to C$170.00 in a research report on Thursday, January 30th. TD Securities upped their price objective on shares of Canadian Tire from C$175.00 to C$182.00 and gave the company a “buy” rating in a research report on Thursday, January 30th. Royal Bank of Canada upped their price objective on shares of Canadian Tire from C$188.00 to C$192.00 in a research report on Friday, November 8th. Finally, CIBC upped their target price on shares of Canadian Tire from C$160.00 to C$165.00 in a research note on Friday, November 8th. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of C$151.60.

Canadian Tire Stock Performance

Shares of Canadian Tire stock opened at C$157.40 on Monday. The firm has a fifty day moving average of C$157.72 and a two-hundred day moving average of C$154.93. The stock has a market capitalization of C$8.22 billion, a price-to-earnings ratio of 22.98, a PEG ratio of 0.35 and a beta of 1.33. Canadian Tire has a 52 week low of C$126.25 and a 52 week high of C$169.27. The company has a debt-to-equity ratio of 173.58, a quick ratio of 1.15 and a current ratio of 1.79.

Insider Transactions at Canadian Tire

In other news, Director Steve Frazier bought 350 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The stock was acquired at an average cost of C$152.56 per share, for a total transaction of C$53,397.68. Company insiders own 1.90% of the company’s stock.

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.