Canadian Tire Co. Limited (TSE:CTC.A) Receives C$144.63 Consensus PT from Brokerages

Canadian Tire Co. Limited (TSE:CTC.A) has earned an average recommendation of “Hold” from the eight ratings firms that are presently covering the stock, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is C$144.63.

A number of equities research analysts recently weighed in on the stock. Scotiabank lifted their price objective on shares of Canadian Tire from C$150.00 to C$151.00 in a research note on Friday, May 10th. Royal Bank of Canada lowered their target price on Canadian Tire from C$195.00 to C$190.00 in a report on Friday, May 10th. National Bankshares lifted their target price on Canadian Tire from C$144.00 to C$149.00 in a report on Friday, May 10th. Canaccord Genuity Group dropped their price target on Canadian Tire from C$40.00 to C$37.00 and set a “hold” rating on the stock in a research note on Monday, May 6th. Finally, Desjardins lifted their price target on Canadian Tire from C$160.00 to C$165.00 in a research note on Friday, May 10th.

Canadian Tire Stock Up 0.9 %

Shares of TSE:CTC.A opened at C$135.03 on Friday. The stock has a market capitalization of C$7.05 billion, a P/E ratio of 26.84, a PEG ratio of 0.35 and a beta of 1.37. Canadian Tire has a 1 year low of C$126.25 and a 1 year high of C$189.82. The stock has a 50-day simple moving average of C$137.64 and a 200-day simple moving average of C$138.50. The company has a debt-to-equity ratio of 186.00, a quick ratio of 1.15 and a current ratio of 1.76.

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.