Brokerages Set Canadian Tire Co. Limited (TSE:CTC.A) Price Target at C$149.40

Canadian Tire Co. Limited (TSE:CTC.A) has been given a consensus recommendation of “Moderate Buy” by the six research firms that are presently covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is C$149.40.

A number of research analysts have issued reports on the stock. TD Securities cut their price target on shares of Canadian Tire from C$182.00 to C$176.00 and set a “buy” rating on the stock in a research note on Friday, February 14th. Canaccord Genuity Group cut their target price on Canadian Tire from C$158.00 to C$153.00 in a research report on Thursday, February 20th. CIBC lowered their price target on Canadian Tire from C$165.00 to C$156.00 in a research report on Friday, February 14th. Royal Bank of Canada boosted their price target on Canadian Tire from C$188.00 to C$192.00 in a research note on Friday, November 8th. Finally, BMO Capital Markets upgraded 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 note on Thursday, February 20th.

Canadian Tire Stock Performance

CTC.A opened at C$142.73 on Wednesday. The company has a market cap of C$7.45 billion, a P/E ratio of 20.84, a price-to-earnings-growth ratio of 0.35 and a beta of 1.33. The company has a quick ratio of 1.15, a current ratio of 1.79 and a debt-to-equity ratio of 173.58. The firm’s 50-day moving average price is C$155.15 and its 200-day moving average price is C$155.11. Canadian Tire has a 52-week low of C$126.25 and a 52-week high of C$169.27.

Insider Activity

In other news, Director Steve Frazier purchased 350 shares of the company’s stock in a transaction that occurred on Friday, December 13th. The shares were bought at an average price 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.