Canadian Tire Co. Limited (TSE:CTC.A) Receives C$172.56 Consensus Target Price from Analysts

Canadian Tire Co. Limited (TSE:CTC.A) has been assigned an average recommendation of “Hold” from the six brokerages that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating on the company. The average 1 year target price among brokers that have covered the stock in the last year is C$172.56.

CTC.A has been the subject of a number of analyst reports. TD Securities reduced their price objective on shares of Canadian Tire from C$184.00 to C$183.00 and set a “hold” rating for the company in a report on Wednesday, October 8th. Scotiabank raised their price objective on shares of Canadian Tire from C$145.00 to C$150.00 and gave the stock an “underperform” rating in a report on Friday, August 8th. BMO Capital Markets downgraded shares of Canadian Tire from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from C$191.00 to C$175.00 in a report on Friday, August 8th. Desjardins raised their price objective on shares of Canadian Tire from C$175.00 to C$195.00 and gave the stock a “buy” rating in a report on Tuesday, August 5th. Finally, National Bankshares reduced their price objective on shares of Canadian Tire from C$190.00 to C$185.00 and set a “sector perform” rating for the company in a report on Thursday, October 16th.

Canadian Tire Stock Performance

TSE CTC.A opened at C$161.18 on Monday. 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 firm has a market capitalization of C$8.72 billion, a price-to-earnings ratio of 11.78, a P/E/G ratio of 0.35 and a beta of 1.01. The company’s fifty day moving average is C$168.60 and its two-hundred day moving average is C$171.79. Canadian Tire has a 52-week low of C$139.50 and a 52-week high of C$194.39.

About Canadian Tire

Canadian Tire Corporation, Limited, (TSX: CTC.A) (TSX: CTC) or ‘CTC’, is a group of companies that includes a Retail segment, a Financial Services division and CT REIT. Our retail business is led by Canadian Tire, which was founded in 1922 and provides Canadians with products for life in Canada across its Living, Playing, Fixing, Automotive and Seasonal & Gardening divisions.