Canadian Tire Co. Limited (TSE:CTC.A) Receives Average Rating of "Moderate Buy" from Analysts

Canadian Tire Co. Limited (TSE:CTC.A - Get Free Report) has received an average rating of "Moderate Buy" from the six ratings firms that are currently covering the company, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is C$152.40.

Several analysts have recently issued reports on CTC.A shares. National Bankshares upped their target price on shares of Canadian Tire from C$70.00 to C$174.00 and gave the company a "sector perform" rating in a research report on Friday, March 7th. Canaccord Genuity Group decreased their price objective on Canadian Tire from C$158.00 to C$153.00 in a research report on Thursday, February 20th. TD Securities dropped their target price on Canadian Tire from C$182.00 to C$176.00 and set a "buy" rating for the company in a report on Friday, February 14th. BMO Capital Markets upgraded Canadian Tire from a "market perform" rating to an "outperform" rating and set a C$170.00 price target on the stock in a report on Thursday, February 20th. Finally, CIBC dropped their price objective on shares of Canadian Tire from C$165.00 to C$156.00 in a research note on Friday, February 14th.

Canadian Tire Price Performance

CTC.A traded up C$2.19 during trading hours on Friday, hitting C$151.38. The company's stock had a trading volume of 315,667 shares, compared to its average volume of 338,133. Canadian Tire has a 12 month low of C$126.25 and a 12 month high of C$169.27. The company has a current ratio of 1.79, a quick ratio of 1.15 and a debt-to-equity ratio of 173.58. The business's 50-day moving average price is C$152.13 and its 200-day moving average price is C$154.32. The stock has a market cap of C$7.90 billion, a price-to-earnings ratio of 22.10, a P/E/G ratio of 0.35 and a beta of 1.33.

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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.