Canadian Tire (TSE:CTC.A) Price Target Raised to C$155.00 at Scotiabank

Canadian Tire (TSE:CTC.A) had its price objective increased by investment analysts at Scotiabank from C$150.00 to C$155.00 in a report released on Friday,BayStreet.CA reports. The brokerage currently has an “underperform” rating on the stock. Scotiabank’s price objective would indicate a potential downside of 9.88% from the company’s current price.

CTC.A has been the topic of a number of other research reports. National Bankshares increased their target price on shares of Canadian Tire from C$185.00 to C$197.00 and gave the stock a “sector perform” rating in a research report on Friday. BMO Capital Markets downgraded Canadian Tire from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from C$191.00 to C$175.00 in a research report on Friday, August 8th. TD Securities lowered their price objective on Canadian Tire from C$184.00 to C$183.00 and set a “hold” rating on the stock in a research note on Wednesday, October 8th. Finally, Desjardins upped their target price on Canadian Tire from C$175.00 to C$195.00 and gave the company a “buy” rating in a research report on Tuesday, August 5th. One research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of C$178.78.

Canadian Tire Stock Performance

TSE:CTC.A traded up C$1.65 on Friday, hitting C$171.99. The company’s stock had a trading volume of 271,423 shares, compared to its average volume of 296,822. The company has a current ratio of 1.79, a quick ratio of 1.15 and a debt-to-equity ratio of 173.58. Canadian Tire has a one year low of C$139.50 and a one year high of C$194.39. The stock has a fifty day moving average of C$168.59 and a two-hundred day moving average of C$171.78. The firm has a market capitalization of C$9.30 billion, a P/E ratio of 12.57, a price-to-earnings-growth ratio of 0.35 and a beta of 1.01.

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.