Canadian Tire Co. Limited (TSE:CTC.A) Receives C$150.67 Consensus Target Price from Analysts

Canadian Tire Co. Limited (TSE:CTC.A) has been assigned a consensus recommendation of “Moderate Buy” from the eight brokerages that are presently covering the firm, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is C$150.67.

A number of equities research analysts have weighed in on CTC.A shares. Royal Bank of Canada upped their price target on shares of Canadian Tire from C$188.00 to C$192.00 in a report on Friday, November 8th. TD Securities increased their target price on shares of Canadian Tire from C$175.00 to C$182.00 and gave the company a “buy” rating in a research note on Thursday, January 30th. BMO Capital Markets upped their price target on Canadian Tire from C$152.00 to C$170.00 in a report on Thursday, January 30th. Finally, CIBC increased their price objective on Canadian Tire from C$160.00 to C$165.00 in a research report on Friday, November 8th.

Insider Activity at Canadian Tire

In other news, Director Steve Frazier purchased 350 shares of the firm’s stock in a transaction on Friday, December 13th. The stock was bought at an average cost of C$152.56 per share, for a total transaction of C$53,397.68. 1.90% of the stock is owned by company insiders.

Canadian Tire Stock Performance

CTC.A opened at C$155.57 on Friday. The business has a 50 day moving average price of C$157.58 and a two-hundred day moving average price of C$154.61. The company has a debt-to-equity ratio of 173.58, a current ratio of 1.79 and a quick ratio of 1.15. The company has a market capitalization of C$8.12 billion, a price-to-earnings ratio of 22.71, a price-to-earnings-growth ratio of 0.35 and a beta of 1.33. Canadian Tire has a 1-year low of C$126.25 and a 1-year high of C$169.27.

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.