Canadian Tire (TSE:CTC.A - Free Report) had its price target cut by TD Securities from C$182.00 to C$176.00 in a research report report published on Friday morning,BayStreet.CA reports. They currently have a buy rating on the stock.
Other research analysts have also issued research reports about the stock. Canaccord Genuity Group lifted their price target on shares of Canadian Tire from C$157.00 to C$160.00 and gave the company a "hold" rating in a research note on Monday, February 10th. CIBC boosted their price objective on shares of Canadian Tire from C$160.00 to C$165.00 in a research report on Friday, November 8th. Royal Bank of Canada increased their target price on Canadian Tire from C$188.00 to C$192.00 in a report on Friday, November 8th. Finally, BMO Capital Markets boosted their price target on Canadian Tire from C$152.00 to C$170.00 in a report on Thursday, January 30th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, Canadian Tire has a consensus rating of "Hold" and a consensus price target of C$148.60.
View Our Latest Analysis on Canadian Tire
Canadian Tire Trading Down 2.8 %
TSE:CTC.A traded down C$3.99 during trading hours 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 business's 50 day moving average is C$156.70 and its 200-day moving average is C$154.94. The company has a market cap of C$7.31 billion, a price-to-earnings ratio of 20.44, a P/E/G ratio of 0.35 and a beta of 1.33. Canadian Tire has a one year low of C$126.25 and a one year high of C$169.27. The company has a debt-to-equity ratio of 173.58, a quick ratio of 1.15 and a current ratio of 1.79.
Insider Transactions at Canadian Tire
In other news, Director Steve Frazier acquired 350 shares of the firm's stock in a transaction on Friday, December 13th. The shares were purchased 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 corporate insiders.
About Canadian Tire
(
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.
Read More
Before you consider Canadian Tire, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Canadian Tire wasn't on the list.
While Canadian Tire currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Enter your email address and below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
