Canadian Tire Co. Limited (TSE:CTC.A) Given Average Recommendation of "Moderate Buy" by Analysts

Shares of Canadian Tire Co. Limited (TSE:CTC.A - Get Free Report) have been assigned an average rating of "Moderate Buy" from the six research firms that are covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is C$171.25.

Several brokerages recently issued reports on CTC.A. Desjardins boosted their target price on shares of Canadian Tire from C$170.00 to C$175.00 and gave the company a "buy" rating in a research report on Friday. Canaccord Genuity Group cut their price objective on shares of Canadian Tire from C$158.00 to C$153.00 in a research report on Thursday, February 20th. CIBC decreased their target price on Canadian Tire from C$165.00 to C$156.00 in a report on Friday, February 14th. Jefferies Financial Group boosted their price target on Canadian Tire from C$140.00 to C$164.00 in a report on Friday. Finally, BMO Capital Markets raised their price objective on Canadian Tire from C$170.00 to C$175.00 in a research note on Friday.

Canadian Tire Stock Up 0.1%

Shares of TSE:CTC.A traded up C$0.14 during trading on Monday, reaching C$160.10. 288,118 shares of the stock traded hands, compared to its average volume of 345,500. The stock has a market cap of C$8.36 billion, a P/E ratio of 23.37, a price-to-earnings-growth ratio of 0.35 and a beta of 1.33. 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 50-day moving average of C$149.03 and a two-hundred day moving average of C$152.08. Canadian Tire has a 52-week low of C$131.31 and a 52-week high of C$169.27.

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.