Canadian Tire (TSE:CTC.A) Given New C$160.00 Price Target at Canaccord Genuity Group

Canadian Tire (TSE:CTC.A) had its target price increased by Canaccord Genuity Group from C$157.00 to C$160.00 in a research note published on Monday,BayStreet.CA reports. Canaccord Genuity Group currently has a hold rating on the stock.

CTC.A has been the topic of a number of other reports. CIBC raised their target price on Canadian Tire from C$160.00 to C$165.00 in a research note on Friday, November 8th. TD Securities raised their target price on Canadian Tire from C$175.00 to C$182.00 and gave the company a “buy” rating in a research note on Thursday, January 30th. BMO Capital Markets raised their target price on Canadian Tire from C$152.00 to C$170.00 in a research note on Thursday, January 30th. Finally, Royal Bank of Canada raised their target price on Canadian Tire from C$188.00 to C$192.00 in a research note on Friday, November 8th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of C$151.60.

Canadian Tire Stock Performance

CTC.A stock opened at C$157.45 on Monday. The company has a debt-to-equity ratio of 173.58, a quick ratio of 1.15 and a current ratio of 1.79. The stock has a market capitalization of C$8.22 billion, a price-to-earnings ratio of 22.99, a PEG ratio of 0.35 and a beta of 1.33. Canadian Tire has a 1 year low of C$126.25 and a 1 year high of C$169.27. The stock’s fifty day moving average is C$157.64 and its two-hundred day moving average is C$154.73.

Insider Buying and Selling

In other Canadian Tire news, Director Steve Frazier purchased 350 shares of the company’s stock in a transaction on Friday, December 13th. The shares were purchased at an average cost of C$152.56 per share, for a total transaction of C$53,397.68. Corporate 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.