Canadian Tire Co. Limited (TSE:CTC.A) Stock Rated "Hold" by Wall Street Brokerages

Key Points

• Canadian Tire has a consensus “Hold” rating from nine analysts: six recommend holding the stock and three recommend buying it. The average 12-month price target is C$204.00.
• Several brokerages recently raised their price targets, ranging from C$199 to C$230; RBC issued the most bullish view with an “outperform” rating and a C$230 target.
• The stock opened at C$192.59, with a market capitalization of approximately C$10.04 billion and a 52-week trading range of C$159.20 to C$208.08.

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

Several equities research analysts recently issued reports on CTC.A shares. TD lifted their price objective on Canadian Tire from C$200.00 to C$210.00 and gave the stock a "hold" rating in a report on Wednesday, July 15th. Jefferies Financial Group raised their price objective on Canadian Tire from C$179.00 to C$199.00 in a report on Friday, August 14th. Royal Bank Of Canada upped their target price on shares of Canadian Tire from C$218.00 to C$230.00 and gave the stock an "outperform" rating in a report on Sunday, August 16th. Scotia raised their price target on shares of Canadian Tire from C$180.00 to C$200.00 and gave the stock a "sector perform" rating in a research note on Friday, August 14th. Finally, Stifel Nicolaus boosted their price target on shares of Canadian Tire from C$115.00 to C$220.00 and gave the stock a "buy" rating in a research report on Friday, August 14th.

Canadian Tire Stock Up 1.2%

CTC.A stock opened at C$192.59 on Friday. The stock has a market capitalization of C$10.04 billion, a P/E ratio of 15.24, a P/E/G ratio of 0.35 and a beta of 0.87. The firm has a 50-day simple moving average of C$194.77 and a 200-day simple moving average of C$190.08. The company has a quick ratio of 1.15, a current ratio of 1.79 and a debt-to-equity ratio of 173.58. Canadian Tire has a 52 week low of C$159.20 and a 52 week high of C$208.08.

About Canadian Tire

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.

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