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

Canadian Tire Co. Limited (TSE:CTC.A) has been assigned a consensus recommendation of “Moderate Buy” from the eight ratings firms that are presently covering the firm, MarketBeat reports. Four equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is C$147.89.

Several analysts recently issued reports on CTC.A shares. Royal Bank of Canada boosted their target price on shares of Canadian Tire from C$188.00 to C$192.00 in a research report on Friday, November 8th. CIBC boosted their price objective on shares of Canadian Tire from C$160.00 to C$165.00 in a research report on Friday, November 8th.

Canadian Tire Stock Performance

Canadian Tire stock opened at C$154.72 on Friday. The business has a 50-day simple moving average of C$154.95 and a two-hundred day simple moving average of C$148.67. Canadian Tire has a 52-week low of C$126.25 and a 52-week high of C$163.00. The company has a quick ratio of 1.15, a current ratio of 1.79 and a debt-to-equity ratio of 173.58. The company has a market cap of C$8.08 billion, a P/E ratio of 22.59, a P/E/G ratio of 0.35 and a beta of 1.33.

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.