Analysts Set Canadian Tire Co. Limited (TSE:CTC.A) Target Price at C$147.89

Shares of Canadian Tire Co. Limited (TSE:CTC.A) have been given a consensus rating of “Moderate Buy” by the eight ratings firms that are presently covering the stock, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is C$147.89.

A number of equities analysts have issued reports on the stock. Royal Bank of Canada boosted their price objective on shares of Canadian Tire from C$188.00 to C$192.00 in a research report on Friday, November 8th. CIBC boosted their price target on Canadian Tire from C$160.00 to C$165.00 in a report on Friday, November 8th.

Insider Buying and Selling

In other Canadian Tire news, Director Steve Frazier purchased 350 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The stock was bought at an average cost of C$152.56 per share, for a total transaction of C$53,397.68. 1.90% of the stock is owned by insiders.

Canadian Tire Stock Up 0.8 %

Shares of TSE CTC.A opened at C$158.10 on Tuesday. The company has a market cap of C$8.25 billion, a price-to-earnings ratio of 23.08, a PEG ratio of 0.35 and a beta of 1.33. The company has a quick ratio of 1.15, a current ratio of 1.79 and a debt-to-equity ratio of 173.58. The firm’s fifty day moving average is C$153.13 and its 200 day moving average is C$150.97. Canadian Tire has a 52 week low of C$126.25 and a 52 week 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.