Canadian Tire (TSE:CTC.A) Price Target Raised to C$175.00

Canadian Tire (TSE:CTC.A) had its price objective upped by BMO Capital Markets from C$170.00 to C$175.00 in a research report report published on Friday morning,BayStreet.CA reports.

A number of other research analysts have also weighed in on the stock. Canaccord Genuity Group decreased their target price on shares of Canadian Tire from C$158.00 to C$153.00 in a research note on Thursday, February 20th. TD Securities reduced their price target on shares of Canadian Tire from C$176.00 to C$170.00 and set a “buy” rating on the stock in a research report on Monday, April 28th. CIBC dropped their target price on shares of Canadian Tire from C$165.00 to C$156.00 in a report on Friday, February 14th. Desjardins lifted their target price 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. Finally, Jefferies Financial Group dropped their target price on shares of Canadian Tire from C$145.00 to C$140.00 in a report on Friday, March 7th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$171.25.

Canadian Tire Trading Down 0.2%

CTC.A opened at C$160.01 on Friday. The company has a debt-to-equity ratio of 173.58, a current ratio of 1.79 and a quick ratio of 1.15. The company’s 50 day simple moving average is C$148.38 and its two-hundred day simple moving average is C$152.04. Canadian Tire has a 1-year low of C$131.31 and a 1-year high of C$169.27. The firm has a market capitalization of C$8.35 billion, a price-to-earnings ratio of 23.36, a price-to-earnings-growth 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.