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

Canadian Tire (TSE:CTC.A) had its target price lowered by Royal Bank of Canada from C$190.00 to C$188.00 in a research note released on Tuesday morning, BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Several other research analysts also recently weighed in on CTC.A. Jefferies Financial Group upped their price objective on shares of Canadian Tire from C$121.00 to C$126.00 in a report on Friday, August 9th. National Bankshares upped their target price on shares of Canadian Tire from C$146.00 to C$158.00 in a report on Friday, August 9th. CIBC lifted their price target on Canadian Tire from C$153.00 to C$160.00 in a research note on Friday, August 9th. TD Securities raised Canadian Tire from a “hold” rating to a “buy” rating and boosted their price objective for the stock from C$160.00 to C$175.00 in a report on Friday, August 9th. Finally, Desjardins raised their target price on Canadian Tire from C$165.00 to C$175.00 in a report on Friday, August 9th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Canadian Tire currently has an average rating of “Moderate Buy” and a consensus target price of C$146.89.

Canadian Tire Trading Down 1.5 %

TSE:CTC.A opened at C$148.17 on Tuesday. Canadian Tire has a 12 month low of C$126.25 and a 12 month high of C$163.00. The company has a current ratio of 1.79, a quick ratio of 1.15 and a debt-to-equity ratio of 173.58. The stock has a market capitalization of C$7.73 billion, a price-to-earnings ratio of 21.63, a PEG ratio of 0.35 and a beta of 1.33. The firm has a fifty day simple moving average of C$157.27 and a two-hundred day simple moving average of C$145.25.

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.