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

Canadian Tire Co. Limited (TSE:CTC.A - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the six ratings firms that are currently covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is C$152.40.

Several equities analysts have weighed in on the company. Jefferies Financial Group dropped their price target on Canadian Tire from C$145.00 to C$140.00 in a research report on Friday, March 7th. CIBC lowered their price target on shares of Canadian Tire from C$165.00 to C$156.00 in a report on Friday, February 14th. Canaccord Genuity Group decreased their target price on shares of Canadian Tire from C$158.00 to C$153.00 in a research report on Thursday, February 20th. National Bankshares boosted their price target on Canadian Tire from C$70.00 to C$174.00 and gave the company a "sector perform" rating in a 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 price objective on the stock in a report on Thursday, February 20th.

Canadian Tire Price Performance

Shares of CTC.A stock traded down C$2.70 during trading hours on Friday, hitting C$148.68. The company's stock had a trading volume of 112,408 shares, compared to its average volume of 334,092. 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 has a fifty day moving average of C$152.13 and a 200-day moving average of C$154.32. Canadian Tire has a twelve month low of C$126.25 and a twelve month high of C$169.27. The stock has a market cap of C$7.76 billion, a price-to-earnings ratio of 21.71, a P/E/G 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.