Jefferies Financial Group Lowers Canadian Tire (TSE:CTC.A) Price Target to C$140.00

Canadian Tire (TSE:CTC.A - Get Free Report) had its price objective lowered by research analysts at Jefferies Financial Group from C$145.00 to C$140.00 in a research note issued to investors on Friday,BayStreet.CA reports. Jefferies Financial Group's price objective would suggest a potential downside of 3.63% from the company's current price.

A number of other research firms have also recently weighed in on CTC.A. CIBC lowered their price target on shares of Canadian Tire from C$165.00 to C$156.00 in a report on Friday, February 14th. Canaccord Genuity Group lowered their target price on shares of Canadian Tire from C$158.00 to C$153.00 in a research note on Thursday, February 20th. National Bankshares upped their price target on Canadian Tire from C$70.00 to C$174.00 and gave the stock a "sector perform" rating in a research report on Friday. Royal Bank of Canada raised their price objective on Canadian Tire from C$188.00 to C$192.00 in a research report on Friday, November 8th. Finally, 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. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of C$152.40.

Canadian Tire Stock Up 0.7 %

Shares of TSE CTC.A traded up C$0.96 during mid-day trading on Friday, reaching C$145.27. 111,224 shares of the company were exchanged, compared to its average volume of 345,847. The firm has a 50-day moving average of C$154.54 and a 200 day moving average of C$154.92. Canadian Tire has a 1 year low of C$126.25 and a 1 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 cap of C$7.58 billion, a price-to-earnings ratio of 21.21, a P/E/G ratio of 0.35 and a beta of 1.33.

Insider Buying and Selling

In other Canadian Tire news, Director Steve Frazier acquired 350 shares of the company's stock in a transaction dated Friday, December 13th. The shares were acquired at an average cost of C$152.56 per share, with a total value of C$53,397.68. 1.90% of the stock is currently owned by company insiders.

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.

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