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Royal Bank of Canada Lowers Canadian Tire (TSE:CTC.A) Price Target to C$188.00

Canadian Tire logo with Consumer Cyclical background

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.

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