Canadian Tire (TSE:CTC.A) Price Target Raised to C$192.00

Canadian Tire (TSE:CTC.A - Get Free Report) had its price target upped by equities researchers at Royal Bank of Canada from C$188.00 to C$192.00 in a research note issued on Friday,BayStreet.CA reports. Royal Bank of Canada's price objective would suggest a potential upside of 24.46% from the company's previous close.

A number of other equities research analysts have also recently weighed in on CTC.A. CIBC upped their price objective on Canadian Tire from C$153.00 to C$160.00 in a research note on Friday, August 9th. National Bankshares upped their price objective on Canadian Tire from C$146.00 to C$158.00 in a research note on Friday, August 9th. TD Securities upgraded Canadian Tire from a "hold" rating to a "buy" rating and upped their price objective for the stock from C$160.00 to C$175.00 in a research note on Friday, August 9th. Jefferies Financial Group upped their price objective on Canadian Tire from C$121.00 to C$126.00 in a research note on Friday, August 9th. Finally, Desjardins increased their price target on Canadian Tire from C$165.00 to C$175.00 in a research note on Friday, August 9th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of C$147.89.

Canadian Tire Trading Up 1.1 %

Shares of TSE CTC.A traded up C$1.61 during trading hours on Friday, hitting C$154.27. 40,543 shares of the company traded hands, compared to its average volume of 233,495. The stock has a market capitalization of C$8.05 billion, a price-to-earnings ratio of 22.52, a price-to-earnings-growth ratio of 0.35 and a beta of 1.33. The company has a current ratio of 1.79, a quick ratio of 1.15 and a debt-to-equity ratio of 173.58. The company's 50 day moving average price is C$156.80 and its 200 day moving average price is C$146.16. Canadian Tire has a 12 month low of C$126.25 and a 12 month high of C$163.00.

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.

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