Canadian Tire (TSE:CTC.A) Price Target Lowered to C$155.00 at BMO Capital Markets

Canadian Tire (TSE:CTC.A - Get Free Report) had its target price reduced by investment analysts at BMO Capital Markets from C$170.00 to C$155.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. BMO Capital Markets' price target points to a potential upside of 10.71% from the stock's current price.

CTC.A has been the topic of a number of other research reports. Canaccord Genuity Group raised their target price on shares of Canadian Tire from C$157.00 to C$160.00 and gave the company a "hold" rating in a research report on Monday, February 10th. Royal Bank of Canada raised their price objective on Canadian Tire from C$188.00 to C$192.00 in a report on Friday, November 8th. CIBC upped their target price on Canadian Tire from C$160.00 to C$165.00 in a report on Friday, November 8th. Finally, TD Securities cut their price target on Canadian Tire from C$182.00 to C$176.00 and set a "buy" rating on the stock in a research note on Friday. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Canadian Tire has an average rating of "Hold" and a consensus price target of C$148.60.

Canadian Tire Price Performance

Shares of CTC.A stock traded down C$3.99 on Friday, reaching C$140.00. The company had a trading volume of 608,438 shares, compared to its average volume of 344,580. The business's 50-day moving average is C$156.70 and its 200 day moving average is C$154.94. Canadian Tire has a one year low of C$126.25 and a one year high of C$169.27. The company has a quick ratio of 1.15, a current ratio of 1.79 and a debt-to-equity ratio of 173.58. The stock has a market capitalization of C$7.31 billion, a PE ratio of 20.44, a price-to-earnings-growth ratio of 0.35 and a beta of 1.33.

Insider Activity

In other news, Director Steve Frazier bought 350 shares of the stock in a transaction that occurred on Friday, December 13th. The stock was acquired at an average price of C$152.56 per share, with a total value of C$53,397.68. Insiders own 1.90% of the company's stock.

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.