Canadian Tire Co. Limited (TSE:CTC.A) Receives Average Rating of "Hold" from Analysts

Key Points

• Canadian Tire Co. Limited has received an average analyst rating of "Hold", with one sell recommendation, four hold, and two buy recommendations from seven research firms.
• The average 12-month target price for Canadian Tire's stock is C$173.22, with recent price target adjustments from various analysts reflecting a range between C$150.00 and C$195.00.
• As of the latest trading session, Canadian Tire shares opened at C$171.93, with a market capitalization of C$9.30 billion and a PE ratio of 12.57.

Shares of Canadian Tire Co. Limited (TSE:CTC.A - Get Free Report) have received an average recommendation of "Hold" from the seven research firms that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is C$173.22.

A number of research firms have recently issued reports on CTC.A. National Bankshares reduced their price target on shares of Canadian Tire from C$204.00 to C$190.00 and set a "sector perform" rating for the company in a research report on Friday, August 8th. TD Securities downgraded Canadian Tire from a "buy" rating to a "hold" rating and dropped their price objective for the company from C$201.00 to C$184.00 in a research note on Friday, August 8th. Scotiabank lifted their price objective on Canadian Tire from C$145.00 to C$150.00 and gave the stock an "underperform" rating in a report on Friday, August 8th. Desjardins upped their target price on Canadian Tire from C$175.00 to C$195.00 and gave the company a "buy" rating in a report on Tuesday, August 5th. Finally, BMO Capital Markets cut Canadian Tire from an "outperform" rating to a "market perform" rating and dropped their price target for the company from C$191.00 to C$175.00 in a research report on Friday, August 8th.

Canadian Tire Stock Performance

Shares of CTC.A opened at C$171.93 on Friday. The company has a quick ratio of 1.15, a current ratio of 1.79 and a debt-to-equity ratio of 173.58. Canadian Tire has a 52-week low of C$139.50 and a 52-week high of C$194.39. The company has a 50-day simple moving average of C$177.58 and a 200-day simple moving average of C$165.87. The company has a market capitalization of C$9.30 billion, a PE ratio of 12.57, a P/E/G ratio of 0.35 and a beta of 1.09.

Canadian Tire Company Profile

Canadian Tire Corporation, Limited, TSX: CTC.A TSX: CTC or 'CTC', is a group of companies that includes a Retail segment, a Financial Services division and CT REIT. Our retail business is led by Canadian Tire, which was founded in 1922 and provides Canadians with products for life in Canada across its Living, Playing, Fixing, Automotive and Seasonal & Gardening divisions.

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