Canadian Tire (TSE:CTC.A) Given New C$182.00 Price Target at TD Securities

Canadian Tire (TSE:CTC.A) had its price target boosted by analysts at TD Securities from C$175.00 to C$182.00 in a research note issued on Thursday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. TD Securities’ price target indicates a potential upside of 11.23% from the company’s current price.

Several other research firms have also commented on CTC.A. Royal Bank of Canada raised their price target 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 objective on Canadian Tire from C$160.00 to C$165.00 in a research note on Friday, November 8th. Finally, BMO Capital Markets raised their target price on Canadian Tire from C$152.00 to C$170.00 in a research report on Thursday. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of C$150.67.

Canadian Tire Stock Performance

Shares of CTC.A opened at C$163.62 on Thursday. 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$169.27. The firm has a market cap of C$8.54 billion, a PE ratio of 23.89, a P/E/G ratio of 0.35 and a beta of 1.33. The stock has a fifty day moving average price of C$156.99 and a 200-day moving average price of C$153.97.

Insider Activity at Canadian Tire

In other news, Director Steve Frazier purchased 350 shares of the business’s stock in a transaction dated Friday, December 13th. The stock was acquired at an average price of C$152.56 per share, for a total transaction of C$53,397.68. Insiders own 1.90% of the company’s stock.

About Canadian Tire

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.