Canadian Tire (TSE:CTC.A) Price Target Raised to C$174.00 at National Bankshares

Canadian Tire (TSE:CTC.A - Get Free Report) had its price target hoisted by equities researchers at National Bankshares from C$70.00 to C$174.00 in a research note issued on Friday,BayStreet.CA reports. The firm presently has a "sector perform" rating on the stock. National Bankshares' target price indicates a potential upside of 19.46% from the company's previous close.

A number of other research analysts have also commented on the stock. Canaccord Genuity Group reduced their price target on shares of Canadian Tire from C$158.00 to C$153.00 in a research report on Thursday, February 20th. BMO Capital Markets upgraded Canadian Tire from a "market perform" rating to an "outperform" rating and set a C$170.00 target price on the stock in a research note on Thursday, February 20th. TD Securities lowered their price target on Canadian Tire from C$182.00 to C$176.00 and set a "buy" rating on the stock in a report on Friday, February 14th. Royal Bank of Canada boosted their price objective on Canadian Tire from C$188.00 to C$192.00 in a report on Friday, November 8th. Finally, CIBC lowered their target price on shares of Canadian Tire from C$165.00 to C$156.00 in a research note on Friday, February 14th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Canadian Tire has a consensus rating of "Moderate Buy" and an average price target of C$152.40.

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Canadian Tire Stock Performance

Shares of TSE:CTC.A traded down C$0.35 during trading on Friday, hitting C$145.66. 96,220 shares of the company were exchanged, compared to its average volume of 344,384. The company has a market cap of C$7.60 billion, a PE ratio of 21.26, a P/E/G ratio of 0.35 and a beta of 1.33. Canadian Tire has a 52-week low of C$126.25 and a 52-week high of C$169.27. The company has a debt-to-equity ratio of 173.58, a current ratio of 1.79 and a quick ratio of 1.15. The stock has a 50 day moving average of C$154.13 and a 200 day moving average of C$154.82.

Insiders Place Their Bets

In related news, Director Steve Frazier purchased 350 shares of the business's stock in a transaction that occurred on Friday, December 13th. The shares were bought at an average price of C$152.56 per share, for a total transaction of C$53,397.68. 1.90% of the stock is 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.