Brokerages Set Canadian Tire Co. Limited (TSE:CTC.A) Target Price at C$150.67

Shares of Canadian Tire Co. Limited (TSE:CTC.A - Get Free Report) have been given a consensus rating of "Moderate Buy" by the eight ratings firms that are presently covering the company, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is C$150.67.

A number of analysts have weighed in on CTC.A shares. TD Securities raised 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 note on Thursday, January 30th. Royal Bank of Canada boosted their price objective on shares of Canadian Tire from C$188.00 to C$192.00 in a report on Friday, November 8th. CIBC increased their target price on Canadian Tire from C$160.00 to C$165.00 in a research note on Friday, November 8th. Finally, BMO Capital Markets boosted their price target on Canadian Tire from C$152.00 to C$170.00 in a research note on Thursday, January 30th.

Insider Transactions at Canadian Tire

In related news, Director Steve Frazier bought 350 shares of the business's stock in a transaction on Friday, December 13th. The shares were bought at an average price of C$152.56 per share, for a total transaction of C$53,397.68. Corporate insiders own 1.90% of the company's stock.

Canadian Tire Stock Up 1.1 %

Shares of TSE CTC.A traded up C$1.71 during trading on Friday, reaching C$160.14. The company had a trading volume of 456,900 shares, compared to its average volume of 323,432. The business's 50-day moving average is C$157.29 and its 200 day moving average is C$154.25. The company has a quick ratio of 1.15, a current ratio of 1.79 and a debt-to-equity ratio of 173.58. The stock has a market cap of C$8.36 billion, a PE ratio of 23.38, a P/E/G ratio of 0.35 and a beta of 1.33. Canadian Tire has a 12-month low of C$126.25 and a 12-month high of C$169.27.

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.