Canadian Tire Co. Limited (TSE:CTC.A) Given Average Rating of "Moderate Buy" by Analysts

Canadian Tire Co. Limited (TSE:CTC.A - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the eight brokerages that are currently covering the stock, Marketbeat reports. Four research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price target among brokers that have covered the stock in the last year is C$147.11.

Several equities research analysts have commented on CTC.A shares. Jefferies Financial Group upped their price objective on Canadian Tire from C$121.00 to C$126.00 in a research report on Friday, August 9th. TD Securities raised shares of Canadian Tire from a "hold" rating to a "buy" rating and increased their price objective for the stock from C$160.00 to C$175.00 in a research report on Friday, August 9th. Desjardins boosted their target price on shares of Canadian Tire from C$165.00 to C$175.00 in a research note on Friday, August 9th. National Bankshares increased their target price on shares of Canadian Tire from C$146.00 to C$158.00 in a research report on Friday, August 9th. Finally, CIBC raised their price objective on shares of Canadian Tire from C$153.00 to C$160.00 in a report on Friday, August 9th.

Canadian Tire Trading Up 0.0 %

Shares of TSE CTC.A traded up C$0.01 during midday trading on Thursday, hitting C$158.16. 166,654 shares of the company traded hands, compared to its average volume of 230,482. The stock has a 50-day moving average price of C$156.74 and a 200 day moving average price of C$144.46. The company has a debt-to-equity ratio of 173.58, a quick ratio of 1.15 and a current ratio of 1.79. The firm has a market cap of C$8.26 billion, a P/E ratio of 22.92, a P/E/G ratio of 0.35 and a beta of 1.33. Canadian Tire has a 12-month low of C$126.25 and a 12-month high of C$163.00.

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.