Brokerages Set Canadian Tire Co. Limited (TSE:CTC.A) Price Target at C$147.11

Shares of Canadian Tire Co. Limited (TSE:CTC.A) have been assigned an average rating of “Moderate Buy” from the eight ratings firms that are covering the stock, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is C$147.11.

CTC.A has been the topic of a number of analyst reports. National Bankshares increased their target price on shares of Canadian Tire from C$146.00 to C$158.00 in a research report on Friday, August 9th. Jefferies Financial Group raised their price objective on Canadian Tire from C$121.00 to C$126.00 in a research note on Friday, August 9th. Desjardins increased their target price on Canadian Tire from C$165.00 to C$175.00 in a report on Friday, August 9th. CIBC boosted their price target on Canadian Tire from C$153.00 to C$160.00 in a research note on Friday, August 9th. Finally, TD Securities upgraded shares of Canadian Tire from a “hold” rating to a “buy” rating and increased their price objective for the stock from C$160.00 to C$175.00 in a research note on Friday, August 9th.

Canadian Tire Price Performance

TSE:CTC.A opened at C$156.92 on Thursday. 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 firm has a market cap of C$8.19 billion, a price-to-earnings ratio of 22.91, a P/E/G ratio of 0.35 and a beta of 1.33. Canadian Tire has a 52 week low of C$126.25 and a 52 week high of C$163.00. The firm’s 50-day simple moving average is C$157.06 and its 200 day simple moving average is C$144.79.

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.