Canadian Tire Co. Limited (TSE:CTC.A) has earned a consensus rating of “Buy” from the nine analysts that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is C$174.56.
A number of equities research analysts have recently weighed in on CTC.A shares. National Bank Financial lifted their target price on Canadian Tire from C$166.00 to C$173.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. CIBC upped their target price on Canadian Tire from C$167.00 to C$173.00 in a research note on Friday, November 8th. TD Securities increased their target price on shares of Canadian Tire from C$185.00 to C$190.00 and gave the stock a “buy” rating in a report on Friday, November 8th. BMO Capital Markets raised their price objective on Canadian Tire from C$147.00 to C$159.00 in a report on Friday, November 8th. Finally, Royal Bank of Canada cut their target price on shares of Canadian Tire from C$197.00 to C$190.00 and set an “outperform” rating on the stock in a research report on Friday, August 9th.
CTC.A traded down C$1.39 on Friday, reaching C$151.11. The company had a trading volume of 375,852 shares, compared to its average volume of 241,044. The stock has a market cap of $8.79 billion and a P/E ratio of 13.49. The company has a debt-to-equity ratio of 191.49, a quick ratio of 1.21 and a current ratio of 1.70. Canadian Tire has a fifty-two week low of C$131.31 and a fifty-two week high of C$157.36. The company’s fifty day moving average is C$149.33 and its 200 day moving average is C$143.77.
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.
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