CIBC Issues Pessimistic Forecast for Canadian Tire (TSE:CTC.A) Stock Price

Canadian Tire (TSE:CTC.A - Free Report) had its price target decreased by CIBC from C$165.00 to C$156.00 in a research note issued to investors on Friday morning,BayStreet.CA reports.

Several other equities research analysts have also commented on CTC.A. BMO Capital Markets decreased their price objective on shares of Canadian Tire from C$170.00 to C$155.00 in a research note on Friday. Royal Bank of Canada increased their price target on shares of Canadian Tire from C$188.00 to C$192.00 in a research report on Friday, November 8th. TD Securities decreased their price target on shares of Canadian Tire from C$182.00 to C$176.00 and set a "buy" rating for the company in a research note on Friday. Finally, Canaccord Genuity Group increased their price objective on Canadian Tire from C$157.00 to C$160.00 and gave the company a "hold" rating in a report on Monday, February 10th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Canadian Tire presently has a consensus rating of "Hold" and an average target price of C$148.60.

Canadian Tire Stock Down 2.8 %

Shares of TSE CTC.A traded down C$3.99 during trading on Friday, hitting C$140.00. The stock had a trading volume of 608,438 shares, compared to its average volume of 344,580. The firm has a fifty day moving average of C$156.70 and a two-hundred day moving average of C$154.94. The company has a market capitalization of C$7.31 billion, a PE ratio of 20.44, a PEG ratio of 0.35 and a beta of 1.33. The company has a debt-to-equity ratio of 173.58, a current ratio of 1.79 and a quick ratio of 1.15. Canadian Tire has a 12 month low of C$126.25 and a 12 month high of C$169.27.

Insiders Place Their Bets

In other Canadian Tire news, Director Steve Frazier purchased 350 shares of the company's stock in a transaction dated Friday, December 13th. The stock was purchased at an average price of C$152.56 per share, for a total transaction of C$53,397.68. Corporate 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.