Canadian Tire (TSE:CTC.A - Free Report) had its price objective trimmed by Royal Bank of Canada from C$190.00 to C$188.00 in a report published on Tuesday, BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.
A number of other research analysts have also weighed in on the company. CIBC raised their price objective on Canadian Tire from C$153.00 to C$160.00 in a research report on Friday, August 9th. National Bankshares lifted their price target on Canadian Tire from C$146.00 to C$158.00 in a research report on Friday, August 9th. Jefferies Financial Group upped their price target on shares of Canadian Tire from C$121.00 to C$126.00 in a research note on Friday, August 9th. Desjardins upped their target price on shares of Canadian Tire from C$165.00 to C$175.00 in a research note on Friday, August 9th. Finally, TD Securities raised shares of Canadian Tire from a "hold" rating to a "buy" rating and raised their price target for the company from C$160.00 to C$175.00 in a research report on Friday, August 9th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Canadian Tire currently has a consensus rating of "Moderate Buy" and an average price target of C$146.89.
Get Our Latest Stock Report on CTC.A
Canadian Tire Trading Down 3.0 %
Shares of Canadian Tire stock traded down C$4.80 during midday trading on Tuesday, reaching C$153.31. 214,362 shares of the company's stock traded hands, compared to its average volume of 229,694. The company has a market cap of C$8.00 billion, a PE ratio of 22.38, a price-to-earnings-growth ratio of 0.35 and a beta of 1.33. The stock has a 50 day moving average of C$157.26 and a 200-day moving average of C$145.10. Canadian Tire has a 12 month low of C$126.25 and a 12 month high of C$163.00. The company has a debt-to-equity ratio of 173.58, a quick ratio of 1.15 and a current ratio of 1.79.
Canadian Tire Company Profile
(
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.
See Also
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
Options trading isn’t just for the Wall Street elite; it’s an accessible strategy for anyone armed with the proper knowledge. Think of options as a strategic toolkit, with each tool designed for a specific financial task. Keep reading to learn how options trading can help you use the market’s volatility to your advantage.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.