Canadian Tire Co. Limited (TSE:CTC.A) Receives C$147.89 Average PT from Brokerages

Canadian Tire Co. Limited (TSE:CTC.A - Get Free Report) has received an average recommendation of "Moderate Buy" from the eight brokerages that are presently covering the firm, Marketbeat Ratings reports. Four 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 brokerages that have updated their coverage on the stock in the last year is C$147.89.

CTC.A has been the topic of a number of recent analyst reports. TD Securities upgraded Canadian Tire from a "hold" rating to a "buy" rating and increased their price objective for the stock from C$160.00 to C$175.00 in a research report on Friday, August 9th. CIBC lifted their price target on Canadian Tire from C$160.00 to C$165.00 in a research report on Friday, November 8th. Royal Bank of Canada upped their price objective on shares of Canadian Tire from C$188.00 to C$192.00 in a research report on Friday, November 8th. Desjardins lifted their target price on shares of Canadian Tire from C$165.00 to C$175.00 in a research report on Friday, August 9th. Finally, National Bankshares increased their price target on shares of Canadian Tire from C$146.00 to C$158.00 in a report on Friday, August 9th.

Canadian Tire Stock Performance

Shares of Canadian Tire stock traded down C$0.74 during trading hours on Monday, reaching C$152.21. The company had a trading volume of 406,216 shares, compared to its average volume of 234,095. The company has a debt-to-equity ratio of 173.58, a current ratio of 1.79 and a quick ratio of 1.15. Canadian Tire has a one year low of C$126.25 and a one year high of C$163.00. The firm has a market cap of C$7.95 billion, a PE ratio of 22.22, a price-to-earnings-growth ratio of 0.35 and a beta of 1.33. The business has a fifty day simple moving average of C$156.52 and a 200 day simple moving average of C$147.00.

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.