Brokerages 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 brokerages that are covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is C$171.25.

A number of research analysts have issued reports on CTC.A shares. National Bankshares upped 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 research note on Friday, March 7th. Canaccord Genuity Group dropped their target price on Canadian Tire from C$158.00 to C$153.00 in a report on Thursday, February 20th. BMO Capital Markets raised their price target on shares of Canadian Tire from C$170.00 to C$175.00 in a research report on Friday, May 9th. CIBC dropped their price objective on Canadian Tire from C$165.00 to C$156.00 in a report on Friday, February 14th. Finally, Desjardins raised their price objective on Canadian Tire from C$170.00 to C$175.00 and gave the company a “buy” rating in a report on Friday, May 9th.

Canadian Tire Stock Performance

CTC.A opened at C$159.46 on Monday. The company has a quick ratio of 1.15, a current ratio of 1.79 and a debt-to-equity ratio of 173.58. 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 cap of C$8.32 billion, a P/E ratio of 23.28, a price-to-earnings-growth ratio of 0.35 and a beta of 1.33. The firm’s 50-day moving average price is C$149.29 and its 200-day moving average price is C$152.13.

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.