National Bankshares Issues Positive Forecast for Canadian Tire (TSE:CTC.A) Stock Price

Canadian Tire (TSE:CTC.A) had its price target raised by analysts at National Bankshares from C$197.00 to C$201.00 in a research report issued on Monday,BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. National Bankshares’ target price would suggest a potential upside of 15.36% from the stock’s current price.

A number of other research analysts have also commented on CTC.A. Scotiabank raised their price target on Canadian Tire from C$150.00 to C$155.00 and gave the company an “underperform” rating in a report on Friday, November 7th. TD Securities raised their price objective on shares of Canadian Tire from C$183.00 to C$194.00 and gave the company a “hold” rating in a research report on Friday, November 7th. BMO Capital Markets boosted their target price on Canadian Tire from C$175.00 to C$180.00 in a research report on Monday, November 10th. CIBC increased their price target on Canadian Tire from C$181.00 to C$189.00 in a research report on Friday, November 7th. Finally, Desjardins boosted their price objective on Canadian Tire from C$185.00 to C$190.00 in a report on Friday, November 7th. One analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of C$178.25.

Canadian Tire Stock Performance

Shares of TSE CTC.A traded down C$1.68 during trading on Monday, reaching C$174.24. The stock had a trading volume of 35,400 shares, compared to its average volume of 212,450. The company has a debt-to-equity ratio of 173.58, a quick ratio of 1.15 and a current ratio of 1.79. The stock has a market cap of C$9.31 billion, a PE ratio of 13.22, a P/E/G ratio of 0.35 and a beta of 1.05. Canadian Tire has a one year low of C$139.50 and a one year high of C$194.39. The firm’s 50 day moving average price is C$172.07 and its two-hundred day moving average price is C$172.56.

Canadian Tire Company Profile

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. Party City, PartSource and Gas+ are key parts of the Canadian Tire network. The Retail segment also includes Mark’s, a leading source for casual and industrial wear; Pro Hockey Life, a hockey specialty store catering to elite players; and SportChek, Hockey Experts, Sports Experts and Atmosphere, which offer the best active wear brands.