Canadian Tire (TSE:CTC.A) Given New C$211.00 Price Target at National Bank Financial

Canadian Tire (TSE:CTC.A) had its price objective raised by research analysts at National Bank Financial from C$201.00 to C$211.00 in a research note issued to investors on Friday,BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. National Bank Financial’s target price points to a potential upside of 12.23% from the stock’s previous close.

A number of other analysts also recently issued reports on CTC.A. BMO Capital Markets lifted their price objective on Canadian Tire from C$180.00 to C$194.00 and gave the stock a “market perform” rating in a research note on Friday. Canadian Imperial Bank of Commerce boosted their target price on shares of Canadian Tire from C$181.00 to C$189.00 in a report on Friday, November 7th. TD Securities increased their price target on shares of Canadian Tire from C$183.00 to C$194.00 and gave the company a “hold” rating in a report on Friday, November 7th. Scotiabank raised Canadian Tire from an “underperform” rating to a “sector perform” rating and boosted their price objective for the stock from C$160.00 to C$180.00 in a research note on Friday. Finally, Desjardins raised their price objective on Canadian Tire from C$190.00 to C$203.00 and gave the company a “buy” rating in a research note on Friday. One equities research analyst has rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, Canadian Tire currently has a consensus rating of “Hold” and a consensus price target of C$192.29.

Canadian Tire Price Performance

Shares of Canadian Tire stock traded up C$5.47 during trading hours on Friday, hitting C$188.00. The company’s stock had a trading volume of 194,259 shares, compared to its average volume of 239,542. The business has a 50 day moving average price of C$174.97 and a two-hundred day moving average price of C$171.13. The company has a debt-to-equity ratio of 173.58, a quick ratio of 1.15 and a current ratio of 1.79. Canadian Tire has a 12-month low of C$139.50 and a 12-month high of C$196.46. The company has a market cap of C$10.04 billion, a PE ratio of 14.26, a PEG ratio of 0.35 and a beta of 0.90.

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.