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

Canadian Tire Co. Limited (TSE:CTC.A) has earned an average rating of “Hold” from the six analysts that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, four have given a hold recommendation and one has given a buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is C$177.75.

Several research firms have weighed in on CTC.A. Scotiabank raised their target price on shares of Canadian Tire from C$150.00 to C$155.00 and gave the company an “underperform” rating in a report on Friday, November 7th. National Bankshares raised their price objective on shares of Canadian Tire from C$185.00 to C$197.00 and gave the stock a “sector perform” rating in a research note on Friday, November 7th. Desjardins upped their target price on Canadian Tire from C$185.00 to C$190.00 in a research note on Friday, November 7th. CIBC raised their price target on Canadian Tire from C$181.00 to C$189.00 in a research report on Friday, November 7th. Finally, TD Securities boosted their price target on Canadian Tire from C$183.00 to C$194.00 and gave the stock a “hold” rating in a report on Friday, November 7th.

Canadian Tire Stock Up 0.3%

Canadian Tire stock opened at C$172.93 on Tuesday. Canadian Tire has a fifty-two week low of C$139.50 and a fifty-two week high of C$194.39. The firm has a market capitalization of C$9.24 billion, a price-to-earnings ratio of 13.12, a price-to-earnings-growth ratio of 0.35 and a beta of 1.07. The stock’s fifty day moving average is C$169.64 and its two-hundred day moving average is C$173.65. The company has a debt-to-equity ratio of 173.58, a quick ratio of 1.15 and a current ratio of 1.79.

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. 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.