Canadian Tire (TSE:CTC.A) Price Target Lowered to C$153.00 at Canaccord Genuity Group

Canadian Tire (TSE:CTC.A) had its price target decreased by investment analysts at Canaccord Genuity Group from C$158.00 to C$153.00 in a report released on Thursday,BayStreet.CA reports. Canaccord Genuity Group’s target price indicates a potential upside of 5.60% from the stock’s previous close.

Other equities analysts also recently issued research reports about the stock. Royal Bank of Canada upped their price objective on shares of Canadian Tire from C$188.00 to C$192.00 in a research report on Friday, November 8th. CIBC cut their price objective on shares of Canadian Tire from C$165.00 to C$156.00 in a research report on Friday, February 14th. TD Securities cut their price objective on shares of Canadian Tire from C$182.00 to C$176.00 and set a “buy” rating for the company in a research report on Friday, February 14th. Finally, BMO Capital Markets upgraded shares of Canadian Tire from a “market perform” rating to an “outperform” rating and set a C$170.00 price objective for the company in a research report on Thursday. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$149.40.

Canadian Tire Stock Performance

TSE:CTC.A traded down C$0.21 during trading hours on Thursday, reaching C$144.88. 84,112 shares of the company’s stock were exchanged, compared to its average volume of 341,605. The firm has a market capitalization of C$7.56 billion, a price-to-earnings ratio of 21.15, a P/E/G ratio of 0.35 and a beta of 1.33. The company has a 50-day moving average of C$156.51 and a 200 day moving average of C$154.95. The company has a quick ratio of 1.15, a current ratio of 1.79 and a debt-to-equity ratio of 173.58. Canadian Tire has a 1-year low of C$126.25 and a 1-year high of C$169.27.

Insider Activity

In other Canadian Tire news, Director Steve Frazier bought 350 shares of the company’s stock in a transaction on Friday, December 13th. The stock was purchased at an average cost of C$152.56 per share, for a total transaction of C$53,397.68. Insiders own 1.90% of the company’s stock.

About Canadian Tire

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.