Canadian Tire Co. Limited (TSE:CTC.A) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Canadian Tire Co. Limited (TSE:CTC.A) has received a consensus recommendation of “Moderate Buy” from the eight analysts that are covering the company, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is C$147.11.

A number of research firms recently weighed in on CTC.A. CIBC boosted their target price on Canadian Tire from C$153.00 to C$160.00 in a report on Friday, August 9th. TD Securities upgraded shares of Canadian Tire from a “hold” rating to a “buy” rating and upped their price objective for the company from C$160.00 to C$175.00 in a report on Friday, August 9th. Desjardins raised their target price on shares of Canadian Tire from C$165.00 to C$175.00 in a research note on Friday, August 9th. National Bankshares lifted their target price on shares of Canadian Tire from C$146.00 to C$158.00 in a report on Friday, August 9th. Finally, Jefferies Financial Group increased their price target on shares of Canadian Tire from C$121.00 to C$126.00 in a report on Friday, August 9th.

Canadian Tire Price Performance

Shares of TSE CTC.A opened at C$161.20 on Friday. 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 business’s 50 day moving average price is C$151.60 and its two-hundred day moving average price is C$141.58. The company has a market cap of C$8.41 billion, a PE ratio of 23.60, a price-to-earnings-growth ratio of 0.35 and a beta of 1.33. Canadian Tire has a twelve month low of C$126.25 and a twelve month high of C$162.46.

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.