Canadian Tire (TSE:CTC.A) Given New C$160.00 Price Target at Canaccord Genuity Group

Canadian Tire (TSE:CTC.A - Free Report) had its target price increased by Canaccord Genuity Group from C$157.00 to C$160.00 in a research report released on Monday morning,BayStreet.CA reports. The brokerage currently has a hold rating on the stock.

CTC.A has been the subject of several other reports. BMO Capital Markets upped their price objective on shares of Canadian Tire from C$152.00 to C$170.00 in a report on Thursday, January 30th. TD Securities upped their target price on Canadian Tire from C$175.00 to C$182.00 and gave the company a "buy" rating in a research note on Thursday, January 30th. Royal Bank of Canada boosted their price target on shares of Canadian Tire from C$188.00 to C$192.00 in a research report on Friday, November 8th. Finally, CIBC boosted their price objective on Canadian Tire from C$160.00 to C$165.00 in a research note on Friday, November 8th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Canadian Tire currently has an average rating of "Hold" and a consensus target price of C$151.60.

Canadian Tire Stock Down 7.7 %

Shares of CTC.A stock traded down C$12.13 during trading on Monday, hitting C$145.27. 338,823 shares of the company were exchanged, compared to its average volume of 327,464. The business's 50-day simple moving average is C$157.72 and its 200 day simple moving average is C$154.93. Canadian Tire has a twelve month low of C$126.25 and a twelve month high of C$169.27. The firm has a market capitalization of C$7.58 billion, a price-to-earnings ratio of 21.21, a P/E/G ratio of 0.35 and a beta of 1.33. The company has a debt-to-equity ratio of 173.58, a quick ratio of 1.15 and a current ratio of 1.79.

Insider Buying and Selling

In other news, Director Steve Frazier acquired 350 shares of the stock in a transaction dated Friday, December 13th. The shares were bought at an average cost of C$152.56 per share, for a total transaction of C$53,397.68. 1.90% of the stock is currently owned by corporate insiders.

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.