Canadian Tire Co. Limited (TSE:CTC.A) Stock Rated “Hold” by Wall Street Brokerages

Canadian Tire Co. Limited (TSE:CTC.A) has been assigned an average recommendation of “Hold” from the nine ratings firms that are currently covering the company, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is C$204.00.

CTC.A has been the topic of a number of research reports. Scotia boosted their target price on shares of Canadian Tire from C$180.00 to C$200.00 and gave the stock a “sector perform” rating in a research note on Friday, August 14th. National Bank Financial dropped their price target on Canadian Tire from C$210.00 to C$209.00 and set a “sector perform” rating for the company in a research note on Friday, August 14th. Jefferies Financial Group increased their price target on Canadian Tire from C$179.00 to C$199.00 in a research note on Friday, August 14th. Stifel Nicolaus raised their price objective on Canadian Tire from C$115.00 to C$220.00 and gave the company a “buy” rating in a report on Friday, August 14th. Finally, Desjardins boosted their price objective on Canadian Tire from C$200.00 to C$217.00 and gave the stock a “buy” rating in a research report on Tuesday, August 11th.

Canadian Tire Stock Up 0.4%

CTC.A stock opened at C$190.82 on Friday. The firm has a 50-day moving average price of C$193.58 and a 200-day moving average price of C$190.27. Canadian Tire has a 12 month low of C$159.20 and a 12 month high of C$208.08. The company has a current ratio of 1.79, a quick ratio of 1.15 and a debt-to-equity ratio of 173.58. The stock has a market capitalization of C$9.95 billion, a P/E ratio of 15.10, a price-to-earnings-growth ratio of 0.35 and a beta of 0.75.

About Canadian Tire

Canadian Tire Corporation, Limited (TSX: CTC.A, TSX: CTC, “CTC”) has been a proudly Canadian business since 1922. Guided by its brand purpose, “We are here to make life in Canada better,” CTC has built an expansive national retail presence, exceptional customer brand trust and one of Canada’s strongest workforces – employing, along with its local Dealers and franchisees, tens of thousands of Canadians. At its core are retail businesses, each designed to serve life’s pursuits: Canadian Tire, offering products spanning Living, Playing, Fixing, Automotive, and Seasonal & Gardening, bolstered by notable banners Party City and PartSource; Mark’s, a leading source for casual and industrial wear; SportChek, Hockey Experts, Sports Experts and Atmosphere, offering the best brands of active wear and gear; and Pro Hockey Life, a hockey specialty store catering to elite players.