Canadian Tire Co. Limited (TSE:CTC.A) Receives C$147.89 Average Price Target from Analysts

Shares of Canadian Tire Co. Limited (TSE:CTC.A) have received a consensus rating of “Moderate Buy” from the eight analysts that are presently covering the company, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is C$147.89.

A number of brokerages recently issued reports on CTC.A. Royal Bank of Canada upped their price objective on shares of Canadian Tire from C$188.00 to C$192.00 in a report on Friday, November 8th. CIBC raised their price target on shares of Canadian Tire from C$160.00 to C$165.00 in a report on Friday, November 8th.

Insider Transactions at Canadian Tire

In related news, Director Steve Frazier purchased 350 shares of Canadian Tire stock in a transaction on Friday, December 13th. The shares were bought at an average price of C$152.56 per share, with a total value of C$53,397.68. Corporate insiders own 1.90% of the company’s stock.

Canadian Tire Price Performance

CTC.A stock opened at C$157.29 on Tuesday. Canadian Tire has a 1 year low of C$126.25 and a 1 year high of C$163.00. 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 firm has a market capitalization of C$8.21 billion, a PE ratio of 22.96, a price-to-earnings-growth ratio of 0.35 and a beta of 1.33. The business has a 50 day simple moving average of C$153.32 and a 200-day simple moving average of C$151.23.

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.