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

Canadian Tire Co. Limited (TSE:CTC.A - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the six brokerages that are currently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is C$171.25.

A number of brokerages have commented on CTC.A. TD Securities lifted their target price on Canadian Tire from C$170.00 to C$181.00 and gave the company a "buy" rating in a research note on Friday, May 9th. CIBC decreased their target price on Canadian Tire from C$165.00 to C$156.00 in a research note on Friday, February 14th. Jefferies Financial Group lifted their target price on Canadian Tire from C$140.00 to C$164.00 in a research note on Friday, May 9th. BMO Capital Markets lifted their target price on Canadian Tire from C$170.00 to C$175.00 in a research note on Friday, May 9th. Finally, Canaccord Genuity Group decreased their target price on Canadian Tire from C$158.00 to C$153.00 in a research note on Thursday, February 20th.

Canadian Tire Stock Up 0.6%

Shares of CTC.A stock traded up C$1.05 during mid-day trading on Friday, reaching C$177.30. 242,039 shares of the company were exchanged, compared to its average volume of 332,447. 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 business's 50 day simple moving average is C$157.02 and its 200 day simple moving average is C$154.31. The company has a market capitalization of C$9.26 billion, a P/E ratio of 25.88, a P/E/G ratio of 0.35 and a beta of 1.33. Canadian Tire has a fifty-two week low of C$132.74 and a fifty-two week high of C$177.91.

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.