Canadian Tire (TSE:CTC.A) Given New C$165.00 Price Target at CIBC

Canadian Tire (TSE:CTC.A) had its target price raised by CIBC from C$160.00 to C$165.00 in a research report released on Friday morning,BayStreet.CA reports.

Several other analysts have also issued reports on CTC.A. TD Securities raised Canadian Tire from a “hold” rating to a “buy” rating and increased their target price for the stock from C$160.00 to C$175.00 in a report on Friday, August 9th. Desjardins lifted their price target on Canadian Tire from C$165.00 to C$175.00 in a research note on Friday, August 9th. Royal Bank of Canada raised their price objective on Canadian Tire from C$188.00 to C$192.00 in a research report on Friday. Jefferies Financial Group raised their price objective on Canadian Tire from C$121.00 to C$126.00 in a research report on Friday, August 9th. Finally, National Bankshares raised their price objective on Canadian Tire from C$146.00 to C$158.00 in a research report on Friday, August 9th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of C$147.89.

Canadian Tire Price Performance

Shares of CTC.A opened at C$151.73 on Friday. Canadian Tire has a 52-week low of C$126.25 and a 52-week high of C$163.00. The firm has a market capitalization of C$7.92 billion, a PE ratio of 22.15, a P/E/G ratio of 0.35 and a beta of 1.33. 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 stock has a 50 day simple moving average of C$156.77 and a 200 day simple moving average of C$146.42.

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.