CIBC Raises Canadian Tire (TSE:CTC.A) Price Target to C$165.00

Canadian Tire (TSE:CTC.A) had its price target raised by CIBC from C$160.00 to C$165.00 in a report published on Friday morning,BayStreet.CA reports.

CTC.A has been the topic of several other research reports. Royal Bank of Canada raised their price objective on shares of Canadian Tire from C$188.00 to C$192.00 in a research note on Friday. National Bankshares raised their target price on Canadian Tire from C$146.00 to C$158.00 in a research report on Friday, August 9th. TD Securities raised Canadian Tire from a “hold” rating to a “buy” rating and raised their target price for the stock from C$160.00 to C$175.00 in a research report on Friday, August 9th. Jefferies Financial Group raised their target price on Canadian Tire from C$121.00 to C$126.00 in a research report on Friday, August 9th. Finally, Desjardins raised their target price on Canadian Tire from C$165.00 to C$175.00 in a research report on Friday, August 9th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$147.89.

Canadian Tire Trading Up 0.9 %

Shares of Canadian Tire stock opened at C$154.00 on Friday. The company’s fifty day simple moving average is C$156.80 and its 200-day simple moving average is C$146.31. The company has a market cap of C$8.04 billion, a price-to-earnings ratio of 22.48, 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. Canadian Tire has a 1 year low of C$126.25 and a 1 year high of C$163.00.

About Canadian Tire

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.