Canadian Tire (TSE:CTC.A) Given New C$160.00 Price Target at Canaccord Genuity Group

Canadian Tire (TSE:CTC.A) had its target price hoisted by equities research analysts at Canaccord Genuity Group from C$157.00 to C$160.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. The brokerage presently has a “hold” rating on the stock. Canaccord Genuity Group’s price target points to a potential upside of 1.45% from the company’s current price.

CTC.A has been the topic of several other research reports. BMO Capital Markets boosted their price target on Canadian Tire from C$152.00 to C$170.00 in a research note on Thursday, January 30th. Royal Bank of Canada upped their target price on shares of Canadian Tire from C$188.00 to C$192.00 in a report on Friday, November 8th. CIBC lifted their price target on shares of Canadian Tire from C$160.00 to C$165.00 in a report on Friday, November 8th. Finally, TD Securities upped their price objective on shares of Canadian Tire from C$175.00 to C$182.00 and gave the stock a “buy” rating in a research note on Thursday, January 30th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of C$151.60.

Canadian Tire Stock Performance

CTC.A stock traded up C$2.14 during trading on Monday, reaching C$157.71. 87,612 shares of the stock were exchanged, compared to its average volume of 308,046. Canadian Tire has a twelve month low of C$126.25 and a twelve month high of C$169.27. The company has a current ratio of 1.79, a quick ratio of 1.15 and a debt-to-equity ratio of 173.58. The company has a market capitalization of C$8.23 billion, a P/E ratio of 23.02, a price-to-earnings-growth ratio of 0.35 and a beta of 1.33. The stock has a 50 day simple moving average of C$157.58 and a 200-day simple moving average of C$154.71.

Insider Transactions at Canadian Tire

In other Canadian Tire news, Director Steve Frazier purchased 350 shares of the stock in a transaction dated Friday, December 13th. The stock was bought at an average price of C$152.56 per share, with a total value of C$53,397.68. 1.90% of the stock is currently owned by corporate insiders.

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.