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

Key Points

• Canadian Tire Co. Limited has received a consensus recommendation of "Hold" from analysts, with one sell rating, four hold ratings, and two buy ratings.
• The average 12-month price target among brokerages for Canadian Tire is C$173.11, reflecting mixed analyst sentiment on the stock's future performance.
• Recent reports indicate varying target price adjustments, with BMO Capital Markets lowering their price objective from C$191.00 to C$175.00, while Desjardins raised theirs from C$175.00 to C$195.00.

Canadian Tire Co. Limited (TSE:CTC.A - Get Free Report) has been assigned a consensus recommendation of "Hold" from the seven analysts that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is C$173.11.

CTC.A has been the topic of several research analyst reports. BMO Capital Markets cut shares of Canadian Tire from an "outperform" rating to a "market perform" rating and lowered their price objective for the stock from C$191.00 to C$175.00 in a research report on Friday, August 8th. Scotiabank lifted their target price on 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 increased their price target on shares of Canadian Tire from C$175.00 to C$195.00 and gave the stock a "buy" rating in a research report on Tuesday, August 5th. TD Securities lowered their price objective on shares of Canadian Tire from C$184.00 to C$183.00 and set a "hold" rating on the stock in a research report on Wednesday. Finally, National Bankshares dropped 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 note on Friday, August 8th.

Canadian Tire Trading Up 0.4%

Shares of CTC.A opened at C$169.39 on Thursday. The business's 50-day moving average price is C$169.49 and its 200 day moving average price is C$168.45. The stock has a market capitalization of C$9.16 billion, a P/E ratio of 12.38, a P/E/G ratio of 0.35 and a beta of 1.01. The company has a current ratio of 1.79, a quick ratio of 1.15 and a debt-to-equity ratio of 173.58. Canadian Tire has a 1-year low of C$139.50 and a 1-year high of C$194.39.

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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