Canadian Tire Co. Limited (TSE:CTC.A) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Canadian Tire Co. Limited (TSE:CTC.A) has earned a consensus recommendation of “Moderate Buy” from the eight analysts that are currently covering the stock, Marketbeat.com reports. Four analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is C$150.67.

Several research analysts have recently weighed in on CTC.A shares. BMO Capital Markets boosted their target price on Canadian Tire from C$152.00 to C$170.00 in a report on Thursday. CIBC boosted their price objective on Canadian Tire from C$160.00 to C$165.00 in a research note on Friday, November 8th. TD Securities upped their target price on Canadian Tire from C$175.00 to C$182.00 and gave the company a “buy” rating in a report on Thursday. Finally, Royal Bank of Canada lifted their price target on Canadian Tire from C$188.00 to C$192.00 in a report on Friday, November 8th.

Canadian Tire Stock Performance

CTC.A opened at C$163.62 on Friday. Canadian Tire has a twelve month low of C$126.25 and a twelve month high of C$169.27. The firm has a market capitalization of C$8.54 billion, a PE ratio of 23.89, a PEG ratio of 0.35 and a beta of 1.33. 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 firm’s 50-day moving average price is C$156.99 and its 200 day moving average price is C$153.97.

Insider Transactions at Canadian Tire

In other news, Director Steve Frazier bought 350 shares of the company’s stock in a transaction on Friday, December 13th. The stock was bought at an average cost of C$152.56 per share, with a total value of C$53,397.68. Company insiders own 1.90% of the company’s stock.

Canadian Tire Company Profile

Canadian Tire Corporation, Limited provides a range of retail goods and services in Canada. The company operates through three segments: Retail, CT REIT, and Financial Services. The Retail segment retails general merchandise, apparel, footwear, sporting equipment, gasoline, sporting goods and active wear, and workwear under the Canadian Tire, SportChek, Sports Experts, National Sports, Pro Hockey Life, Atmosphere, Mark's, PartSource, Gas+, and Helly Hansen banners.