Canadian Tire (TSE:CTC.A) Given a C$235.00 Price Target by Stifel Nicolaus Analysts

Canadian Tire (TSE:CTC.A) has been assigned a C$235.00 target price by analysts at Stifel Nicolaus in a research report issued to clients and investors on Friday, BayStreet reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus‘s price objective indicates a potential upside of 6.58% from the stock’s previous close.

CTC.A has been the subject of several other reports. Desjardins set a C$235.00 price target on Canadian Tire and gave the stock a “buy” rating in a research report on Friday. Scotia raised their price objective on Canadian Tire from C$200.00 to C$225.00 and gave the company a “sector perform” rating in a report on Friday. Royal Bank Of Canada lifted their target price on shares of Canadian Tire from C$218.00 to C$230.00 and gave the stock an “outperform” rating in a research note on Sunday, August 16th. National Bank Financial dropped their target price on shares of Canadian Tire from C$210.00 to C$209.00 and set a “sector perform” rating for the company in a report on Friday, August 14th. Finally, Jefferies Financial Group upped their price target on Canadian Tire from C$179.00 to C$199.00 in a research report on Friday, August 14th. Three equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of C$215.90.

Canadian Tire Price Performance

Shares of TSE CTC.A traded up C$0.73 during midday trading on Friday, hitting C$220.50. The stock had a trading volume of 76,831 shares, compared to its average volume of 222,312. The company has a market capitalization of C$11.50 billion, a PE ratio of 17.44, a P/E/G ratio of 0.35 and a beta of 0.66. The stock has a 50 day simple moving average of C$196.30 and a 200-day simple moving average of C$190.67. Canadian Tire has a 1 year low of C$164.48 and a 1 year high of C$222.71. The company has a quick ratio of 1.15, a current ratio of 1.79 and a debt-to-equity ratio of 173.58.

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.