Canadian Tire Co. Limited (TSE:CTC.A) Given Average Rating of "Hold" by Analysts

Key Points

• Canadian Tire has an average “Hold” rating from nine analysts: six recommend holding the stock and three recommend buying it.
• Analysts’ average 12-month price target is C$204.00, with recent targets ranging from C$199 to C$220; Desjardins and Stifel Nicolaus issued buy ratings.
• The shares opened at C$188.33, below the consensus target, with a market capitalization of approximately C$9.82 billion and a 12-month trading range of C$159.20 to C$208.08.

Shares of Canadian Tire Co. Limited (TSE:CTC.A - Get Free Report) have been given an average recommendation of "Hold" by the nine brokerages that are currently covering the company, Marketbeat reports. Six analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is C$204.00.

A number of research firms have weighed in on CTC.A. Desjardins raised their price objective on shares of Canadian Tire from C$200.00 to C$217.00 and gave the company a "buy" rating in a research note on Tuesday, August 11th. TD lifted their price objective on shares of Canadian Tire from C$200.00 to C$210.00 and gave the company a "hold" rating in a research note on Wednesday, July 15th. Jefferies Financial Group boosted their price target on shares of Canadian Tire from C$179.00 to C$199.00 in a research report on Friday, August 14th. Stifel Nicolaus increased their target price on Canadian Tire from C$115.00 to C$220.00 and gave the company a "buy" rating in a research note on Friday, August 14th. Finally, National Bank Financial cut their price target on shares of Canadian Tire from C$210.00 to C$209.00 and set a "sector perform" rating for the company in a research report on Friday, August 14th.

Canadian Tire Price Performance

Shares of TSE CTC.A opened at C$188.33 on Wednesday. The company has a market capitalization of C$9.82 billion, a PE ratio of 14.90, a P/E/G ratio of 0.35 and a beta of 0.87. 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 fifty day simple moving average of C$196.88 and a 200 day simple moving average of C$190.23. Canadian Tire has a twelve month low of C$159.20 and a twelve month high of C$208.08.

Canadian Tire Company Profile

Canadian Tire Corporation, Limited (TSX: CTC.A, TSX: CTC, "CTC") has been a proudly Canadian business since 1922. Guided by its brand purpose, "We are here to make life in Canada better," CTC has built an expansive national retail presence, exceptional customer brand trust and one of Canada's strongest workforces - employing, along with its local Dealers and franchisees, tens of thousands of Canadians. At its core are retail businesses, each designed to serve life's pursuits: Canadian Tire, offering products spanning Living, Playing, Fixing, Automotive, and Seasonal & Gardening, bolstered by notable banners Party City and PartSource; Mark's, a leading source for casual and industrial wear; SportChek, Hockey Experts, Sports Experts and Atmosphere, offering the best brands of active wear and gear; and Pro Hockey Life, a hockey specialty store catering to elite players.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.