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

Key Points

• Canadian Tire Co. Limited has received an average recommendation of "Moderate Buy" from six brokerages, with four assigning buy ratings and two recommending a hold.
• The average twelve-month target price for Canadian Tire shares is C$175.00, following several recent price adjustments from multiple analysts.
• The stock opened at C$189.48 and has a market capitalization of C$9.89 billion, with a notable twelve-month high of C$194.39.

Canadian Tire Co. Limited (TSE:CTC.A - Get Free Report) has been given an average rating of "Moderate Buy" by the six ratings firms that are currently covering the stock, 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 analysts that have issued a report on the stock in the last year is C$177.50.

Several equities analysts recently commented on the stock. Jefferies Financial Group increased their price objective on shares of Canadian Tire from C$140.00 to C$164.00 in a research note on Friday, May 9th. TD Securities increased their price objective on shares of Canadian Tire from C$181.00 to C$201.00 and gave the stock a "buy" rating in a research report on Monday. Desjardins raised their price target on shares of Canadian Tire from C$170.00 to C$175.00 and gave the stock a "buy" rating in a report on Friday, May 9th. National Bankshares raised their price objective on shares of Canadian Tire from C$173.00 to C$204.00 and gave the company a "sector perform" rating in a research note on Wednesday, July 16th. Finally, BMO Capital Markets raised their price objective on shares of Canadian Tire from C$170.00 to C$175.00 in a research note on Friday, May 9th.

Insider Buying and Selling

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

Canadian Tire Stock Performance

CTC.A traded down C$1.02 on Friday, reaching C$188.00. The company had a trading volume of 128,712 shares, compared to its average volume of 300,069. 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 cap of C$9.81 billion, a P/E ratio of 27.45, a P/E/G ratio of 0.35 and a beta of 1.33. Canadian Tire has a fifty-two week low of C$136.10 and a fifty-two week high of C$194.39. The company's fifty day moving average is C$182.06 and its 200 day moving average is C$162.45.

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.