Analysts Set Canadian Tire Co. Limited (TSE:CTC.A) Price Target at C$177.75

Canadian Tire Co. Limited (TSE:CTC.A) has been given an average rating of “Hold” by the six ratings firms that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and one has given a buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is C$177.75.

CTC.A has been the topic of several research reports. TD Securities raised their price objective on shares of Canadian Tire from C$183.00 to C$194.00 and gave the company a “hold” rating in a research report on Friday, November 7th. Scotiabank upped their price objective on Canadian Tire from C$150.00 to C$155.00 and gave the stock an “underperform” rating in a report on Friday, November 7th. National Bankshares increased their price objective on Canadian Tire from C$185.00 to C$197.00 and gave the company a “sector perform” rating in a research report on Friday, November 7th. Desjardins boosted their target price on Canadian Tire from C$185.00 to C$190.00 in a research report on Friday, November 7th. Finally, BMO Capital Markets upped their target price on Canadian Tire from C$175.00 to C$180.00 in a research note on Monday, November 10th.

Canadian Tire Trading Down 1.6%

Shares of CTC.A opened at C$171.61 on Friday. Canadian Tire has a 1-year low of C$139.50 and a 1-year high of C$194.39. The company has a market capitalization of C$9.17 billion, a P/E ratio of 13.02, a P/E/G ratio of 0.35 and a beta of 1.05. The company has a debt-to-equity ratio of 173.58, a current ratio of 1.79 and a quick ratio of 1.15. The firm’s 50 day simple moving average is C$171.87 and its 200 day simple moving average is C$172.82.

Canadian Tire Company Profile

Canadian Tire Corporation, Limited, (TSX: CTC.A) (TSX: CTC) or ‘CTC’, is a group of companies that includes a Retail segment, a Financial Services division and CT REIT. Our retail business is led by Canadian Tire, which was founded in 1922 and provides Canadians with products for life in Canada across its Living, Playing, Fixing, Automotive and Seasonal & Gardening divisions. Party City, PartSource and Gas+ are key parts of the Canadian Tire network. The Retail segment also includes Mark’s, a leading source for casual and industrial wear; Pro Hockey Life, a hockey specialty store catering to elite players; and SportChek, Hockey Experts, Sports Experts and Atmosphere, which offer the best active wear brands.