Canadian Tire Co. Limited (CTC.A) Price Target Cut to C$172.00

Canadian Tire Co. Limited (TSE:CTC.A) had its target price cut by equities research analysts at National Bank Financial from C$178.00 to C$172.00 in a report issued on Monday. The firm presently has an “outperform” rating on the stock.

Several other equities analysts have also recently weighed in on the company. BMO Capital Markets lifted their target price on Canadian Tire Co. Limited from C$179.00 to C$182.00 in a research note on Friday, August 11th. Eight Capital lifted their target price on Canadian Tire Co. Limited from C$165.00 to C$170.00 and gave the company a “buy” rating in a research note on Friday, August 11th. Raymond James Financial, Inc. lifted their target price on Canadian Tire Co. Limited from C$180.00 to C$185.00 and gave the company an “outperform” rating in a research note on Friday, August 11th. CIBC lowered their target price on Canadian Tire Co. Limited from C$185.00 to C$178.00 and set an “outperform” rating on the stock in a research note on Friday, August 11th. Finally, Desjardins lifted their target price on Canadian Tire Co. Limited from C$169.00 to C$184.00 in a research note on Friday, August 11th. One research analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of C$179.36.

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About Canadian Tire Co. Limited

Canadian Tire Corporation, Limited is a Canada-based company, which operates through a range of businesses. The Company’s segments include Retail, CT REIT and Financial Services. Its retail segment operates through its retail banners, including Canadian Tire, PartSource, Petroleum, Mark’s, and the various FGL Sports banners.

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