Canadian Tire (TSE:CTC.A - Get Free Report) had its price objective boosted by BMO Capital Markets from C$152.00 to C$170.00 in a report released on Thursday,BayStreet.CA reports. BMO Capital Markets' price objective would suggest a potential upside of 7.45% from the company's previous close.
Several other equities analysts have also issued reports on the company. Royal Bank of Canada upped their price target on Canadian Tire from C$188.00 to C$192.00 in a research note on Friday, November 8th. CIBC boosted their price objective on Canadian Tire from C$160.00 to C$165.00 in a report on Friday, November 8th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of C$150.67.
Read Our Latest Research Report on CTC.A
Canadian Tire Price Performance
CTC.A stock traded down C$5.41 during midday trading on Thursday, reaching C$158.21. 202,052 shares of the company's stock traded hands, compared to its average volume of 287,209. 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 company has a market cap of C$8.26 billion, a price-to-earnings ratio of 23.10, a PEG ratio of 0.35 and a beta of 1.33. The company has a 50-day simple moving average of C$156.99 and a two-hundred day simple moving average of C$154.06. Canadian Tire has a 1-year low of C$126.25 and a 1-year high of C$169.27.
Insiders Place Their Bets
In other news, Director Steve Frazier bought 350 shares of the firm's stock in a transaction that occurred on Friday, December 13th. The stock was acquired at an average cost of C$152.56 per share, with a total value of C$53,397.68. Insiders own 1.90% of the company's stock.
Canadian Tire Company Profile
(
Get Free Report)
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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