Canadian Tire (TSE:CTC) Given a C$140.00 Price Target at Scotiabank

Canadian Tire (TSE:CTC - Get Free Report) has been assigned a C$140.00 price objective by research analysts at Scotiabank in a report released on Friday,BayStreet.CA reports. The firm presently has an "underperform" rating on the stock. Scotiabank's price objective suggests a potential downside of 36.65% from the company's previous close.

Separately, Royal Bank of Canada cut Canadian Tire from a "moderate buy" rating to a "hold" rating in a report on Friday, November 8th.

Canadian Tire Price Performance

Shares of TSE:CTC traded up C$1.00 during trading hours on Friday, hitting C$221.00. 170 shares of the company's stock traded hands, compared to its average volume of 599. The company has a market cap of C$755.82 million, a price-to-earnings ratio of 32.26, a price-to-earnings-growth ratio of 0.49 and a beta of 1.33. The company's fifty day simple moving average is C$217.90 and its two-hundred day simple moving average is C$223.01. 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$192.10 and a 52 week high of C$275.36.

Canadian Tire Company Profile

Canadian Tire Corporation, Limited provides a range of retail goods and services in Canada. It operates in three segments: Retail, CT REIT, and Financial Services. The Retail segment retails automotive maintenance products and accessories, parts, and tires, as well as automotive services and roadside assistance; electrical, hardware, home environment, paint, plumbing, and tool products; cleaning, food & drink, home décor, home essentials, home organization, kitchen, and pet care products; camping, exercise, hockey, hunting, fishing, seasonal recreation, and team sports and golf products; and backyard living, backyard fun, cycling, gardening, outdoor tools, seasonal, and toy products.