Canadian Tire Co. Limited (TSE:CTC.A) Given Consensus Rating of "Hold" by Brokerages

Key Points

• Canadian Tire Co. Limited has received a consensus rating of "Hold" from seven brokerages, with one sell recommendation, four holds, and two buys.
• The average 1-year price target for the stock is C$173.22, with recent adjustments from analysts providing mixed outlooks.
• Shares opened at C$166.42, with a 12-month range between C$139.50 and C$194.39.

Shares of Canadian Tire Co. Limited (TSE:CTC.A - Get Free Report) have been given a consensus rating of "Hold" by the seven analysts that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price target among brokerages that have covered the stock in the last year is C$173.22.

A number of research analysts have weighed in on the stock. Scotiabank lifted their price target on shares of Canadian Tire from C$145.00 to C$150.00 and gave the company an "underperform" rating in a research note on Friday, August 8th. Desjardins lifted their price target on shares of Canadian Tire from C$175.00 to C$195.00 and gave the company a "buy" rating in a research note on Tuesday, August 5th. TD Securities lowered shares of Canadian Tire from a "buy" rating to a "hold" rating and cut their price target for the company from C$201.00 to C$184.00 in a research note on Friday, August 8th. Jefferies Financial Group boosted their price objective on shares of Canadian Tire from C$140.00 to C$164.00 in a research report on Friday, May 9th. Finally, National Bankshares cut their price objective on shares of Canadian Tire from C$204.00 to C$190.00 and set a "sector perform" rating on the stock in a research report on Friday, August 8th.

Canadian Tire Stock Up 1.8%

CTC.A traded up C$2.98 during trading on Wednesday, reaching C$170.09. The company had a trading volume of 205,416 shares, compared to its average volume of 304,515. The company has a debt-to-equity ratio of 173.58, a current ratio of 1.79 and a quick ratio of 1.15. Canadian Tire has a 12 month low of C$139.50 and a 12 month high of C$194.39. The business's fifty day moving average price is C$181.38 and its 200 day moving average price is C$163.54. The company has a market cap of C$8.88 billion, a P/E ratio of 24.83, a PEG ratio of 0.35 and a beta of 1.33.

Insider Activity at Canadian Tire

In other Canadian Tire news, Director Steve Frazier acquired 450 shares of the business's stock in a transaction dated Monday, June 9th. The shares were acquired at an average price of C$178.77 per share, with a total value of C$80,447.09. 1.90% of the stock is currently owned by corporate insiders.

About Canadian Tire

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.