Canadian Tire Co. Limited (TSE:CTC.A) Receives C$152.40 Average Price Target from Analysts

Canadian Tire Co. Limited (TSE:CTC.A) has received a consensus recommendation of “Moderate Buy” from the six ratings firms that are currently covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is C$152.40.

A number of research firms recently commented on CTC.A. TD Securities dropped their price target on shares of Canadian Tire from C$182.00 to C$176.00 and set a “buy” rating for the company in a research note on Friday, February 14th. National Bankshares upped their target price on Canadian Tire from C$70.00 to C$174.00 and gave the company a “sector perform” rating in a research note on Friday, March 7th. CIBC decreased their price target on Canadian Tire from C$165.00 to C$156.00 in a research note on Friday, February 14th. Canaccord Genuity Group dropped their price objective on Canadian Tire from C$158.00 to C$153.00 in a report on Thursday, February 20th. Finally, Jefferies Financial Group reduced their target price on Canadian Tire from C$145.00 to C$140.00 in a research note on Friday, March 7th.

Canadian Tire Price Performance

Shares of TSE:CTC.A opened at C$151.38 on Friday. The firm has a market cap of C$7.90 billion, a price-to-earnings ratio of 22.10, a P/E/G ratio of 0.35 and a beta of 1.33. The firm has a fifty day moving average price of C$152.13 and a 200 day moving average price of C$154.32. Canadian Tire has a fifty-two week low of C$126.25 and a fifty-two week high of C$169.27. The company has a debt-to-equity ratio of 173.58, a quick ratio of 1.15 and a current ratio of 1.79.

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.