Canadian Tire Co. Limited (TSE:CTC.A) Receives Average Recommendation of “Moderate Buy” from Analysts

Canadian Tire Co. Limited (TSE:CTC.A) has earned a consensus recommendation of “Moderate Buy” from the six brokerages that are covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is C$152.40.

Several analysts have recently weighed in on the stock. CIBC lowered their target price on shares of Canadian Tire from C$165.00 to C$156.00 in a report on Friday, February 14th. Canaccord Genuity Group dropped their target price on Canadian Tire from C$158.00 to C$153.00 in a research report on Thursday, February 20th. Jefferies Financial Group reduced their price target on Canadian Tire from C$145.00 to C$140.00 in a report on Friday, March 7th. BMO Capital Markets raised Canadian Tire from a “market perform” rating to an “outperform” rating and set a C$170.00 price objective on the stock in a report on Thursday, February 20th. Finally, National Bankshares increased their price objective on Canadian Tire from C$70.00 to C$174.00 and gave the stock a “sector perform” rating in a research report on Friday, March 7th.

Canadian Tire Price Performance

Shares of TSE:CTC.A opened at C$149.87 on Thursday. Canadian Tire has a one year low of C$130.74 and a one year high of C$169.27. The stock has a market capitalization of C$7.82 billion, a price-to-earnings ratio of 21.88, a PEG ratio of 0.35 and a beta of 1.33. The company has a 50-day simple moving average of C$146.08 and a 200-day simple moving average of C$152.57. The company has a debt-to-equity ratio of 173.58, a quick ratio of 1.15 and a current ratio of 1.79.

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.