National Bankshares Cuts Canadian Tire (TSE:CTC.A) Price Target to C$144.00

Canadian Tire (TSE:CTC.A) had its target price decreased by National Bankshares from C$146.00 to C$144.00 in a research note issued to investors on Monday, BayStreet.CA reports. National Bankshares currently has a sector perform rating on the stock.

Other equities analysts have also recently issued research reports about the stock. TD Securities lowered their target price on shares of Canadian Tire from C$160.00 to C$155.00 and set a hold rating on the stock in a research note on Friday, February 16th. Desjardins reduced their price objective on shares of Canadian Tire from C$170.00 to C$160.00 and set a buy rating for the company in a research report on Friday, February 16th. BMO Capital Markets lowered shares of Canadian Tire from an outperform rating to a market perform rating and reduced their price objective for the company from C$170.00 to C$150.00 in a research report on Tuesday, February 20th. Canaccord Genuity Group lowered shares of Canadian Tire from a buy rating to a hold rating and reduced their price objective for the company from C$167.00 to C$154.00 in a research report on Wednesday, February 7th. Finally, CIBC reduced their price objective on shares of Canadian Tire from C$153.00 to C$150.00 and set a neutral rating for the company in a research report on Friday, February 16th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of Hold and an average target price of C$162.22.

Canadian Tire Stock Down 0.4 %

Canadian Tire stock opened at C$132.45 on Monday. The stock has a market cap of C$6.91 billion, a price-to-earnings ratio of 35.04, a PEG ratio of 2.10 and a beta of 1.37. The company has a current ratio of 1.77, a quick ratio of 1.15 and a debt-to-equity ratio of 180.91. The company’s 50-day moving average price is C$134.45 and its two-hundred day moving average price is C$139.29. Canadian Tire has a 52 week low of C$126.25 and a 52 week high of C$189.82.

Insiders Place Their Bets

In other news, Director Steve Frazier bought 400 shares of the firm’s stock in a transaction on Wednesday, February 21st. The stock was bought at an average cost of C$103.73 per share, for a total transaction of C$41,490.00. Corporate insiders own 2.93% of the company’s stock.

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.