Canadian Tire Co. Limited (TSE:CTC.A) Receives C$144.63 Average Price Target from Analysts

Shares of Canadian Tire Co. Limited (TSE:CTC.A) have received an average recommendation of “Hold” from the eight ratings firms that are covering the stock, Marketbeat.com reports. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is C$144.63.

CTC.A has been the subject of a number of recent research reports. National Bankshares lifted their price target on shares of Canadian Tire from C$144.00 to C$149.00 in a research report on Friday, May 10th. Scotiabank lifted their target price on shares of Canadian Tire from C$150.00 to C$151.00 in a report on Friday, May 10th. BMO Capital Markets lifted their target price on shares of Canadian Tire from C$150.00 to C$152.00 in a report on Friday, May 10th. Desjardins lifted their target price on shares of Canadian Tire from C$160.00 to C$165.00 in a report on Friday, May 10th. Finally, Royal Bank of Canada reduced their price target on shares of Canadian Tire from C$195.00 to C$190.00 in a research note on Friday, May 10th.

Canadian Tire Trading Down 0.1 %

TSE:CTC.A opened at C$136.25 on Friday. Canadian Tire has a 12 month low of C$126.25 and a 12 month high of C$189.82. The stock has a market cap of C$7.11 billion, a price-to-earnings ratio of 27.09, a P/E/G ratio of 0.35 and a beta of 1.37. The company has a 50-day moving average price of C$137.06 and a 200-day moving average price of C$138.67. The company has a current ratio of 1.76, a quick ratio of 1.15 and a debt-to-equity ratio of 186.00.

Canadian Tire Company Profile

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.