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

Shares of Canadian Tire Co. Limited (TSE:CTC.A - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the six brokerages that are presently covering the stock, Marketbeat Ratings 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 objective among brokers that have issued a report on the stock in the last year is C$171.25.

Several research firms recently issued reports on CTC.A. Desjardins increased 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. Jefferies Financial Group increased their price target on shares of Canadian Tire from C$140.00 to C$164.00 in a report on Friday, May 9th. BMO Capital Markets increased their price target on shares of Canadian Tire from C$170.00 to C$175.00 in a report on Friday, May 9th. Canaccord Genuity Group cut their price target on shares of Canadian Tire from C$158.00 to C$153.00 in a report on Thursday, February 20th. Finally, CIBC cut their price target on shares of Canadian Tire from C$165.00 to C$156.00 in a report on Friday, February 14th.

Canadian Tire Stock Performance

Shares of CTC.A traded up C$0.19 during mid-day trading on Friday, hitting C$177.49. 167,914 shares of the company's stock were exchanged, compared to its average volume of 330,951. Canadian Tire has a fifty-two week low of C$132.74 and a fifty-two week high of C$179.37. The firm has a market capitalization of C$9.26 billion, a P/E ratio of 25.91, a P/E/G ratio of 0.35 and a beta of 1.33. The business's 50 day moving average is C$157.55 and its two-hundred day moving average is C$154.54. The company has a current ratio of 1.79, a quick ratio of 1.15 and a debt-to-equity ratio of 173.58.

Insider Activity

In related news, Director Steve Frazier acquired 450 shares of the business's stock in a transaction that occurred on Monday, June 9th. The stock was purchased at an average cost of C$178.77 per share, for a total transaction of C$80,447.09. Insiders own 1.90% of the company's stock.

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.