Canadian Tire Co. Limited (TSE:CTC.A) Given Average Recommendation of “Buy” by Analysts
Shares of Canadian Tire Co. Limited (TSE:CTC.A) have been given a consensus recommendation of “Buy” by the ten analysts that are covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is C$177.30.
A number of research analysts have recently weighed in on CTC.A shares. Royal Bank Of Canada reissued an “outperform” rating and set a C$182.00 price objective on shares of Canadian Tire Co. Limited in a research note on Friday, April 21st. BMO Capital Markets reissued an “outperform” rating and set a C$179.00 price objective on shares of Canadian Tire Co. Limited in a research note on Friday, May 12th. Barclays PLC raised their price objective on shares of Canadian Tire Co. Limited from C$167.00 to C$180.00 and gave the stock an “overweight” rating in a research note on Monday, May 15th. Eight Capital reissued a “neutral” rating and set a C$165.00 price objective on shares of Canadian Tire Co. Limited in a research note on Tuesday, May 30th. Finally, TD Securities restated a “buy” rating and set a C$190.00 target price on shares of Canadian Tire Co. Limited in a research report on Wednesday, May 3rd.
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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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