Canadian Tire (TSE:CTC.A - Free Report) had its price target lifted by TD Securities from C$175.00 to C$182.00 in a research report sent to investors on Thursday,BayStreet.CA reports. They currently have a buy rating on the stock.
Several other research firms have also recently weighed in on CTC.A. CIBC boosted their price target on shares of Canadian Tire from C$160.00 to C$165.00 in a report on Friday, November 8th. BMO Capital Markets upped their target price on Canadian Tire from C$152.00 to C$170.00 in a report on Thursday. Finally, Royal Bank of Canada boosted their price objective on Canadian Tire from C$188.00 to C$192.00 in a research 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's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of C$150.67.
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Canadian Tire Stock Down 3.3 %
TSE:CTC.A traded down C$5.41 during trading hours on Thursday, hitting C$158.21. 202,052 shares of the company traded hands, compared to its average volume of 287,209. Canadian Tire has a one year low of C$126.25 and a one 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 company has a market cap of C$8.26 billion, a PE ratio of 23.10, a PEG ratio of 0.35 and a beta of 1.33. The firm's 50-day simple moving average is C$156.99 and its 200-day simple moving average is C$154.06.
Insider Buying and Selling
In related news, Director Steve Frazier purchased 350 shares of Canadian Tire stock in a transaction dated Friday, December 13th. The stock was bought at an average cost of C$152.56 per share, for a total transaction of C$53,397.68. 1.90% of the stock is currently owned by insiders.
About Canadian Tire
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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.
See Also
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