Canadian Tire (TSE:CTC.A) Price Target Raised to C$155.00 at Scotiabank

Canadian Tire (TSE:CTC.A) had its price objective hoisted by Scotiabank from C$150.00 to C$155.00 in a research note released on Friday,BayStreet.CA reports. Scotiabank currently has an underperform rating on the stock.

A number of other equities analysts have also commented on the stock. BMO Capital Markets lowered shares of Canadian Tire from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from C$191.00 to C$175.00 in a research report on Friday, August 8th. TD Securities decreased their target price on shares of Canadian Tire from C$184.00 to C$183.00 and set a “hold” rating on the stock in a research report on Wednesday, October 8th. Desjardins lifted their price target on shares of Canadian Tire from C$175.00 to C$195.00 and gave the company a “buy” rating in a research report on Tuesday, August 5th. Finally, National Bankshares boosted their price target on Canadian Tire from C$185.00 to C$197.00 and gave the company a “sector perform” rating in a research note on Friday. One investment analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of C$177.13.

Canadian Tire Stock Performance

TSE CTC.A traded up C$1.65 on Friday, reaching C$171.99. The stock had a trading volume of 271,423 shares, compared to its average volume of 296,822. 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 cap of C$9.30 billion, a P/E ratio of 12.57, a price-to-earnings-growth ratio of 0.35 and a beta of 1.01. The firm has a fifty day moving average of C$168.61 and a two-hundred day moving average of C$171.95. Canadian Tire has a 1-year low of C$139.50 and a 1-year high of C$194.39.

About Canadian Tire

Canadian Tire Corporation, Limited, (TSX: CTC.A) (TSX: CTC) or ‘CTC’, is a group of companies that includes a Retail segment, a Financial Services division and CT REIT. Our retail business is led by Canadian Tire, which was founded in 1922 and provides Canadians with products for life in Canada across its Living, Playing, Fixing, Automotive and Seasonal & Gardening divisions.