Brokerages Set Canadian Tire Co. Limited (TSE:CTC.A) Price Target at C$147.89

Canadian Tire Co. Limited (TSE:CTC.A - Get Free Report) has received an average rating of "Moderate Buy" from the eight research firms that are presently covering the stock, Marketbeat reports. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is C$147.89.

A number of equities research analysts have weighed in on CTC.A shares. Royal Bank of Canada upped their price objective on shares of Canadian Tire from C$188.00 to C$192.00 in a report on Friday, November 8th. CIBC raised their price objective on Canadian Tire from C$160.00 to C$165.00 in a research report on Friday, November 8th.

Canadian Tire Price Performance

Canadian Tire stock traded down C$1.72 during midday trading on Friday, reaching C$153.00. 231,183 shares of the stock were exchanged, compared to its average volume of 235,598. The company's fifty day moving average is C$154.78 and its 200-day moving average is C$148.76. The company has a debt-to-equity ratio of 173.58, a quick ratio of 1.15 and a current ratio of 1.79. Canadian Tire has a 52 week low of C$126.25 and a 52 week high of C$163.00. The firm has a market cap of C$7.99 billion, a PE ratio of 22.34, a PEG ratio of 0.35 and a beta of 1.33.

About Canadian Tire

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.