Canadian Tire Co. Limited (TSE:CTC.A) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Canadian Tire Co. Limited (TSE:CTC.A) have been given an average rating of “Moderate Buy” by the eight brokerages that are covering the stock, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is C$147.11.

A number of analysts have recently issued reports on the company. Jefferies Financial Group lifted their price target on Canadian Tire from C$121.00 to C$126.00 in a research report on Friday, August 9th. TD Securities upgraded shares of Canadian Tire from a “hold” rating to a “buy” rating and lifted their target price for the company from C$160.00 to C$175.00 in a research report on Friday, August 9th. National Bankshares increased their price target on shares of Canadian Tire from C$146.00 to C$158.00 in a report on Friday, August 9th. Desjardins lifted their price objective on shares of Canadian Tire from C$165.00 to C$175.00 in a report on Friday, August 9th. Finally, CIBC increased their target price on Canadian Tire from C$153.00 to C$160.00 in a research note on Friday, August 9th.

Canadian Tire Trading Up 0.8 %

Shares of CTC.A stock opened at C$158.11 on Thursday. Canadian Tire has a 52-week low of C$126.25 and a 52-week high of C$163.00. The business’s fifty day moving average is C$157.22 and its 200 day moving average is C$144.96. 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 company has a market capitalization of C$8.25 billion, a PE ratio of 23.08, a price-to-earnings-growth ratio of 0.35 and a beta of 1.33.

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.