Canadian Tire (TSE:CTC.A) Price Target Raised to C$180.00 at BMO Capital Markets

Canadian Tire (TSE:CTC.A) had its target price increased by stock analysts at BMO Capital Markets from C$175.00 to C$180.00 in a research report issued on Monday,BayStreet.CA reports. BMO Capital Markets’ target price indicates a potential upside of 6.03% from the stock’s previous close.

Other equities research analysts have also recently issued research reports about the company. CIBC increased their price target on Canadian Tire from C$181.00 to C$189.00 in a report on Friday. TD Securities increased their price objective on shares of Canadian Tire from C$183.00 to C$194.00 and gave the stock a “hold” rating in a research report on Friday. National Bankshares raised their target price on Canadian Tire from C$185.00 to C$197.00 and gave the company a “sector perform” rating in a report on Friday. Desjardins lifted their target price on Canadian Tire from C$185.00 to C$190.00 in a research report on Friday. Finally, Scotiabank increased their price target on shares of Canadian Tire from C$150.00 to C$155.00 and gave the stock an “underperform” rating in a research report on Friday. One equities research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of C$177.75.

Canadian Tire Price Performance

Canadian Tire stock traded down C$2.23 during midday trading on Monday, reaching C$169.76. The company had a trading volume of 56,820 shares, compared to its average volume of 295,682. The company has a debt-to-equity ratio of 173.58, a current ratio of 1.79 and a quick ratio of 1.15. Canadian Tire has a 12-month low of C$139.50 and a 12-month high of C$194.39. The company has a market capitalization of C$9.18 billion, a P/E ratio of 12.41, a P/E/G ratio of 0.35 and a beta of 1.01. The firm’s fifty day simple moving average is C$168.61 and its 200-day simple moving average is C$172.25.

Canadian Tire Company Profile

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.