Canadian Tire (TSE:CTC.A) Price Target Cut to C$146.00 by Analysts at National Bankshares

Canadian Tire (TSE:CTC.A) had its price objective decreased by investment analysts at National Bankshares from C$149.00 to C$146.00 in a research report issued on Thursday, BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. National Bankshares’ price target would indicate a potential upside of 5.71% from the stock’s previous close.

CTC.A has been the subject of several other reports. TD Securities upped their price objective on shares of Canadian Tire from C$153.00 to C$160.00 in a report on Friday, May 10th. Scotiabank boosted their price objective on Canadian Tire from C$150.00 to C$151.00 in a research report on Friday, May 10th. Desjardins raised their price target on shares of Canadian Tire from C$160.00 to C$165.00 in a research note on Friday, May 10th. BMO Capital Markets raised their target price on Canadian Tire from C$150.00 to C$152.00 in a research note on Friday, May 10th. Finally, Royal Bank of Canada cut their price target on shares of Canadian Tire from C$195.00 to C$190.00 in a research report on Friday, May 10th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of C$144.25.

Canadian Tire Stock Up 0.3 %

Shares of CTC.A traded up C$0.39 during trading hours on Thursday, hitting C$138.12. 12,146 shares of the company were exchanged, compared to its average volume of 242,656. The company has a debt-to-equity ratio of 186.00, a quick ratio of 1.15 and a current ratio of 1.76. The company has a market cap of C$7.21 billion, a PE ratio of 27.48, a PEG ratio of 0.35 and a beta of 1.37. The firm’s 50 day moving average is C$137.75 and its 200-day moving average is C$138.33. Canadian Tire has a 52 week low of C$126.25 and a 52 week high of C$189.82.

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.