Canadian Tire (TSE:CTC.A) Given New C$197.00 Price Target at National Bankshares

Canadian Tire (TSE:CTC.A) had its price objective increased by National Bankshares from C$185.00 to C$197.00 in a research note issued to investors on Friday,BayStreet.CA reports. The firm currently has a sector perform rating on the stock.

CTC.A has been the topic of several other reports. BMO Capital Markets cut shares of Canadian Tire from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from C$191.00 to C$175.00 in a research note on Friday, August 8th. Scotiabank boosted their price objective on Canadian Tire from C$145.00 to C$150.00 and gave the stock an “underperform” rating in a research note on Friday, August 8th. TD Securities decreased their target price on Canadian Tire from C$184.00 to C$183.00 and set a “hold” rating on the stock in a report on Wednesday, October 8th. Finally, Desjardins raised their target price on Canadian Tire from C$175.00 to C$195.00 and gave the company a “buy” rating in a research note on Tuesday, August 5th. One research analyst has rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Canadian Tire currently has a consensus rating of “Hold” and a consensus price target of C$177.13.

Canadian Tire Price Performance

TSE CTC.A traded up C$1.65 during trading on Friday, reaching C$171.99. 271,423 shares of the company traded hands, compared to its average volume of 296,822. The stock’s 50 day moving average price is C$168.61 and its two-hundred day moving average price is C$171.95. The company has a debt-to-equity ratio of 173.58, a quick ratio of 1.15 and a current ratio of 1.79. The company has a market cap of C$9.30 billion, a price-to-earnings ratio of 12.57, a P/E/G ratio of 0.35 and a beta of 1.01. Canadian Tire has a 1-year low of C$139.50 and a 1-year high of C$194.39.

About Canadian Tire

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.