Canadian Tire (TSE:CTC.A) Given New C$192.00 Price Target at Royal Bank of Canada

Canadian Tire (TSE:CTC.A) had its target price raised by Royal Bank of Canada from C$188.00 to C$192.00 in a research note issued to investors on Friday morning,BayStreet.CA reports.

Several other brokerages have also recently weighed in on CTC.A. Jefferies Financial Group boosted their price objective on Canadian Tire from C$121.00 to C$126.00 in a research note on Friday, August 9th. CIBC boosted their target price on Canadian Tire from C$153.00 to C$160.00 in a research report 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. TD Securities upgraded Canadian Tire from a “hold” rating to a “buy” rating and boosted their target price for the company from C$160.00 to C$175.00 in a research report on Friday, August 9th. Finally, National Bankshares boosted their target price on Canadian Tire from C$146.00 to C$158.00 in a research report on Friday, August 9th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Canadian Tire has an average rating of “Moderate Buy” and a consensus target price of C$147.89.

Canadian Tire Trading Up 0.9 %

Shares of TSE CTC.A opened at C$154.00 on Friday. The business’s 50 day moving average is C$156.80 and its two-hundred day moving average is C$146.31. The company has a debt-to-equity ratio of 173.58, a current ratio of 1.79 and a quick ratio of 1.15. Canadian Tire has a 1-year low of C$126.25 and a 1-year high of C$163.00. The stock has a market capitalization of C$8.04 billion, a P/E ratio of 22.48, a PEG ratio of 0.35 and a beta of 1.33.

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.