Canadian Tire Co. Limited (TSE:CTC.A) Given Average Rating of "Moderate Buy" by Brokerages

Shares of Canadian Tire Co. Limited (TSE:CTC.A - Get Free Report) have been given an average rating of "Moderate Buy" by the eight brokerages that are covering the stock, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is C$147.89.

A number of brokerages recently weighed in on CTC.A. CIBC upped their price objective on Canadian Tire from C$160.00 to C$165.00 in a research note on Friday, November 8th. Royal Bank of Canada raised their price target on shares of Canadian Tire from C$188.00 to C$192.00 in a report on Friday, November 8th.

Insider Buying and Selling at Canadian Tire

In other news, Director Steve Frazier purchased 350 shares of the stock in a transaction dated Friday, December 13th. The shares were purchased at an average cost of C$152.56 per share, with a total value of C$53,397.68. Insiders own 1.90% of the company's stock.

Canadian Tire Trading Up 0.1 %

Shares of TSE CTC.A traded up C$0.14 during trading hours on Tuesday, reaching C$156.37. The stock had a trading volume of 206,602 shares, compared to its average volume of 255,122. Canadian Tire has a 52-week low of C$126.25 and a 52-week high of C$163.00. The firm has a market cap of C$8.16 billion, a price-to-earnings ratio of 22.83, a P/E/G ratio of 0.35 and a beta of 1.33. The business's fifty day moving average price is C$152.94 and its two-hundred day moving average price is C$150.67. The company has a current ratio of 1.79, a quick ratio of 1.15 and a debt-to-equity ratio of 173.58.

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.