Brokerages Set Canadian Tire Co. Limited (TSE:CTC.A) Price Target at C$204.00

Canadian Tire Co. Limited (TSE:CTC.A) has earned an average rating of “Hold” from the nine analysts that are presently covering the stock, Marketbeat.com reports. Six investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is C$204.00.

CTC.A has been the topic of several analyst reports. Desjardins increased their target price on shares of Canadian Tire from C$200.00 to C$217.00 and gave the stock a “buy” rating in a report on Tuesday, August 11th. Jefferies Financial Group boosted their price target on shares of Canadian Tire from C$179.00 to C$199.00 in a report on Friday, August 14th. National Bank Financial lowered their price objective on shares of Canadian Tire from C$210.00 to C$209.00 and set a “sector perform” rating for the company in a research report on Friday, August 14th. Royal Bank Of Canada raised their price objective on Canadian Tire from C$218.00 to C$230.00 and gave the stock an “outperform” rating in a research note on Sunday, August 16th. Finally, TD lifted their target price on Canadian Tire from C$200.00 to C$210.00 and gave the stock a “hold” rating in a report on Wednesday, July 15th.

Canadian Tire Price Performance

Canadian Tire stock opened at C$186.46 on Wednesday. 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 firm has a market capitalization of C$9.72 billion, a P/E ratio of 14.75, a PEG ratio of 0.35 and a beta of 0.87. The business has a 50-day moving average of C$196.13 and a 200-day moving average of C$190.24. Canadian Tire has a 1 year low of C$159.20 and a 1 year high of C$208.08.

Canadian Tire Company Profile

Canadian Tire Corporation, Limited (TSX: CTC.A, TSX: CTC, “CTC”) has been a proudly Canadian business since 1922. Guided by its brand purpose, “We are here to make life in Canada better,” CTC has built an expansive national retail presence, exceptional customer brand trust and one of Canada’s strongest workforces – employing, along with its local Dealers and franchisees, tens of thousands of Canadians. At its core are retail businesses, each designed to serve life’s pursuits: Canadian Tire, offering products spanning Living, Playing, Fixing, Automotive, and Seasonal & Gardening, bolstered by notable banners Party City and PartSource; Mark’s, a leading source for casual and industrial wear; SportChek, Hockey Experts, Sports Experts and Atmosphere, offering the best brands of active wear and gear; and Pro Hockey Life, a hockey specialty store catering to elite players.