Brokerages Set Canadian Tire Co. Limited (TSE:CTC.A) PT at C$152.40

Shares of Canadian Tire Co. Limited (TSE:CTC.A) have been given a consensus recommendation of “Moderate Buy” by the six brokerages that are presently covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is C$152.40.

A number of brokerages have commented on CTC.A. CIBC reduced their price objective on Canadian Tire from C$165.00 to C$156.00 in a research report on Friday, February 14th. BMO Capital Markets raised Canadian Tire from a “market perform” rating to an “outperform” rating and set a C$170.00 target price for the company in a research report on Thursday, February 20th. Jefferies Financial Group decreased their price target on shares of Canadian Tire from C$145.00 to C$140.00 in a research note on Friday, March 7th. National Bankshares increased their price objective on shares of Canadian Tire from C$70.00 to C$174.00 and gave the company a “sector perform” rating in a research note on Friday, March 7th. Finally, TD Securities decreased their target price on shares of Canadian Tire from C$182.00 to C$176.00 and set a “buy” rating on the stock in a research report on Friday, February 14th.

Canadian Tire Stock Down 0.1 %

TSE CTC.A opened at C$149.27 on Friday. Canadian Tire has a twelve month low of C$126.25 and a twelve month high of C$169.27. The stock has a market cap of C$7.79 billion, a PE ratio of 21.79, a PEG ratio of 0.35 and a beta of 1.33. The firm has a 50-day simple moving average of C$151.38 and a 200 day simple moving average of C$154.19. The company has a debt-to-equity ratio of 173.58, a quick ratio of 1.15 and a current ratio of 1.79.

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.