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

Shares of Canadian Tire Co. Limited (TSE:CTC.A - Get Free Report) have earned an average recommendation of "Moderate Buy" from the six analysts that are presently covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is C$152.40.

CTC.A has been the topic of several research analyst reports. Canaccord Genuity Group lowered their price objective on shares of Canadian Tire from C$158.00 to C$153.00 in a research note on Thursday, February 20th. CIBC cut their price objective on shares of Canadian Tire from C$165.00 to C$156.00 in a research report on Friday, February 14th. TD Securities decreased their target price on Canadian Tire from C$182.00 to C$176.00 and set a "buy" rating on the stock in a research report on Friday, February 14th. Jefferies Financial Group reduced their price objective on Canadian Tire from C$145.00 to C$140.00 in a research report on Friday, March 7th. Finally, BMO Capital Markets upgraded Canadian Tire from a "market perform" rating to an "outperform" rating and set a C$170.00 target price for the company in a research note on Thursday, February 20th.

Canadian Tire Stock Up 0.8 %

Shares of TSE CTC.A traded up C$1.17 during mid-day trading on Thursday, reaching C$147.92. 259,234 shares of the company traded hands, compared to its average volume of 339,377. The company's fifty day moving average is C$145.83 and its two-hundred day moving average is C$152.72. Canadian Tire has a fifty-two week low of C$130.74 and a fifty-two 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. The stock has a market cap of C$7.72 billion, a PE ratio of 21.59, a price-to-earnings-growth ratio of 0.35 and a beta of 1.33.

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.