Canadian Tire (TSE:CTC.A) Price Target Lowered to C$153.00 at Canaccord Genuity Group

Canadian Tire (TSE:CTC.A) had its price objective lowered by Canaccord Genuity Group from C$158.00 to C$153.00 in a research report released on Thursday morning,BayStreet.CA reports.

Other analysts have also recently issued reports about the company. CIBC lowered their target price on Canadian Tire from C$165.00 to C$156.00 in a research report on Friday, February 14th. BMO Capital Markets upgraded shares of Canadian Tire from a “market perform” rating to an “outperform” rating and set a C$170.00 price objective on the stock in a research note on Thursday. TD Securities reduced their price objective on shares of Canadian Tire from C$182.00 to C$176.00 and set a “buy” rating for the company in a report on Friday, February 14th. Finally, Royal Bank of Canada raised their target price on shares of Canadian Tire from C$188.00 to C$192.00 in a research note on Friday, November 8th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$149.40.

Canadian Tire Trading Down 2.1 %

Canadian Tire stock opened at C$141.81 on Thursday. The firm has a 50-day moving average price of C$156.09 and a two-hundred day moving average price of C$155.08. Canadian Tire has a 52-week low of C$126.25 and a 52-week high of C$169.27. The firm has a market capitalization of C$7.40 billion, a price-to-earnings ratio of 20.70, 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.

Insider Activity

In related news, Director Steve Frazier bought 350 shares of the business’s stock in a transaction dated Friday, December 13th. The shares were bought at an average cost of C$152.56 per share, with a total value of C$53,397.68. Insiders own 1.90% of the company’s stock.

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.