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

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

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

Canadian Tire Stock Performance

Canadian Tire stock traded up C$0.04 during trading hours on Tuesday, hitting C$185.58. The company had a trading volume of 44,857 shares, compared to its average volume of 313,105. Canadian Tire has a one year low of C$135.30 and a one year high of C$187.20. The firm has a market cap of C$9.69 billion, a PE ratio of 27.09, a PEG ratio of 0.35 and a beta of 1.33. The firm has a 50-day moving average of C$170.35 and a 200 day moving average of C$157.96. The company has a debt-to-equity ratio of 173.58, a current ratio of 1.79 and a quick ratio of 1.15.

Insiders Place Their Bets

In other Canadian Tire news, Director Steve Frazier bought 450 shares of the business's stock in a transaction that occurred on Monday, June 9th. The stock was purchased 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 corporate 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.