Canadian Tire Co. Limited (TSE:CTC.A) Receives C$171.25 Consensus Target Price from Analysts

Shares of Canadian Tire Co. Limited (TSE:CTC.A - Get Free Report) have received an average recommendation of "Moderate Buy" from the six brokerages that are covering the firm, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is C$171.25.

A number of research firms have recently issued reports on CTC.A. Jefferies Financial Group lifted their price objective on shares of Canadian Tire from C$140.00 to C$164.00 in a report on Friday, May 9th. National Bankshares lifted their price target on shares of Canadian Tire from C$70.00 to C$174.00 and gave the company a "sector perform" rating in a research note on Friday, March 7th. BMO Capital Markets increased their price objective on shares of Canadian Tire from C$170.00 to C$175.00 in a research note on Friday, May 9th. Desjardins raised their price objective on Canadian Tire from C$170.00 to C$175.00 and gave the company a "buy" rating in a report on Friday, May 9th. Finally, TD Securities upped their target price on Canadian Tire from C$170.00 to C$181.00 and gave the stock a "buy" rating in a report on Friday, May 9th.

Canadian Tire Trading Up 1.4%

Shares of CTC.A traded up C$2.64 during trading hours on Tuesday, reaching C$185.39. The stock had a trading volume of 277,380 shares, compared to its average volume of 315,181. The company has a market cap of C$9.68 billion, a P/E ratio of 27.06, a P/E/G ratio of 0.35 and a beta of 1.33. The company has a quick ratio of 1.15, a current ratio of 1.79 and a debt-to-equity ratio of 173.58. The firm has a 50-day moving average of C$168.22 and a 200 day moving average of C$157.36. Canadian Tire has a 52 week low of C$134.37 and a 52 week high of C$185.69.

Insider Buying and Selling at Canadian Tire

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

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.