Brokerages Set Canadian Tire Co. Limited (TSE:CTC.A) PT at C$147.89

Shares of Canadian Tire Co. Limited (TSE:CTC.A) have been assigned an average rating of “Moderate Buy” from the eight brokerages that are currently covering the stock, Marketbeat reports. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is C$147.89.

Several analysts recently commented on the company. CIBC upped their target price on Canadian Tire from C$160.00 to C$165.00 in a report on Friday, November 8th. Royal Bank of Canada boosted their price target on shares of Canadian Tire from C$188.00 to C$192.00 in a research report on Friday, November 8th.

Canadian Tire Trading Down 1.1 %

TSE CTC.A opened at C$153.00 on Friday. The firm has a market capitalization of C$7.99 billion, a PE ratio of 22.34, a price-to-earnings-growth ratio of 0.35 and a beta of 1.33. The business’s 50-day moving average price is C$154.78 and its two-hundred day moving average price is C$148.85. The company has a current ratio of 1.79, a quick ratio of 1.15 and a debt-to-equity ratio of 173.58. Canadian Tire has a 12 month low of C$126.25 and a 12 month high of C$163.00.

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.