Canadian Tire (TSE:CTC.A) Stock Price Expected to Rise, Royal Bank of Canada Analyst Says

Canadian Tire (TSE:CTC.A) had its price target upped by Royal Bank of Canada from C$188.00 to C$192.00 in a research report released on Friday morning,BayStreet.CA reports.

A number of other analysts also recently weighed in on the stock. CIBC raised their price target on shares of Canadian Tire from C$153.00 to C$160.00 in a research report on Friday, August 9th. Jefferies Financial Group raised their price target on shares of Canadian Tire from C$121.00 to C$126.00 in a research report on Friday, August 9th. Desjardins lifted their price objective on shares of Canadian Tire from C$165.00 to C$175.00 in a report on Friday, August 9th. TD Securities raised shares of Canadian Tire from a “hold” rating to a “buy” rating and lifted their price objective for the stock from C$160.00 to C$175.00 in a report on Friday, August 9th. Finally, National Bankshares lifted their price objective on shares of Canadian Tire from C$146.00 to C$158.00 in a report on Friday, August 9th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, Canadian Tire has an average rating of “Moderate Buy” and an average price target of C$147.89.

Canadian Tire Trading Down 1.5 %

CTC.A opened at C$151.73 on Friday. The firm has a market capitalization of C$7.92 billion, a P/E ratio of 22.15, a P/E/G ratio of 0.35 and a beta of 1.33. The firm’s 50 day moving average is C$156.77 and its 200-day moving average is C$146.42. Canadian Tire has a 52-week low of C$126.25 and a 52-week high of C$163.00. The company has a quick ratio of 1.15, a current ratio of 1.79 and a debt-to-equity ratio of 173.58.

Canadian Tire Company Profile

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.