Canadian Tire Co. Limited (TSE:CTC.A) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Canadian Tire Co. Limited (TSE:CTC.A) has been assigned an average rating of “Moderate Buy” from the eight brokerages that are presently covering the firm, Marketbeat.com reports. Four analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is C$147.89.

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

Canadian Tire Trading Down 0.2 %

TSE:CTC.A opened at C$154.76 on Friday. Canadian Tire has a 1 year low of C$126.25 and a 1 year high of C$163.00. The stock’s fifty day moving average price is C$154.56 and its two-hundred day moving average price is C$149.02. 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 company has a market cap of C$8.08 billion, a P/E ratio of 22.59, a P/E/G ratio of 0.35 and a beta of 1.33.

Insider Activity at Canadian Tire

In other news, Director Steve Frazier acquired 350 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The shares were bought at an average cost of C$152.56 per share, with a total value of C$53,397.68. 1.90% of the stock is currently owned by insiders.

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.