Canadian Tire Co. Limited (TSE:CTC.A) Receives Average Rating of “Moderate Buy” from Analysts

Canadian Tire Co. Limited (TSE:CTC.A) has been given a consensus rating of “Moderate Buy” by the eight brokerages that are covering the company, MarketBeat Ratings reports. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is C$147.11.

A number of research analysts have recently weighed in on CTC.A shares. National Bankshares increased their price target on Canadian Tire from C$146.00 to C$158.00 in a research note on Friday, August 9th. Jefferies Financial Group increased their target price on Canadian Tire from C$121.00 to C$126.00 in a research note on Friday, August 9th. Desjardins boosted their target price on Canadian Tire from C$165.00 to C$175.00 in a research report on Friday, August 9th. CIBC increased their price target on shares of Canadian Tire from C$153.00 to C$160.00 in a research report on Friday, August 9th. Finally, TD Securities raised shares of Canadian Tire from a “hold” rating to a “buy” rating and lifted their price objective for the stock from C$160.00 to C$175.00 in a research note on Friday, August 9th.

Canadian Tire Trading Up 0.1 %

CTC.A stock opened at C$161.20 on Friday. The business has a fifty day moving average of C$151.60 and a 200-day moving average of C$141.58. The company has a market cap of C$8.41 billion, a P/E ratio of 23.60, a PEG ratio of 0.35 and a beta of 1.33. Canadian Tire has a twelve month low of C$126.25 and a twelve month high of C$162.46. The company has a quick ratio of 1.15, a current ratio of 1.79 and a debt-to-equity ratio of 173.58.

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.