Canadian Tire (TSE:CTC.A - Get Free Report) had its target price lifted by National Bankshares from C$173.00 to C$204.00 in a note issued to investors on Wednesday,BayStreet.CA reports. The brokerage presently has a "sector perform" rating on the stock. National Bankshares' price target would indicate a potential upside of 7.45% from the company's previous close.
CTC.A has been the subject of a number of other research reports. Desjardins boosted their price target on shares of Canadian Tire from C$170.00 to C$175.00 and gave the company a "buy" rating in a research note on Friday, May 9th. TD Securities increased their price target on shares of Canadian Tire from C$170.00 to C$181.00 and gave the company a "buy" rating in a research report on Friday, May 9th. BMO Capital Markets increased their price objective on Canadian Tire from C$170.00 to C$175.00 in a research note on Friday, May 9th. Finally, Jefferies Financial Group raised their price target on Canadian Tire from C$140.00 to C$164.00 in a research note on Friday, May 9th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of C$175.00.
Read Our Latest Stock Report on Canadian Tire
Canadian Tire Stock Up 0.1%
CTC.A traded up C$0.19 during trading hours on Wednesday, hitting C$189.86. 57,676 shares of the company's stock were exchanged, compared to its average volume of 308,078. 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 stock's 50-day moving average is C$176.20 and its two-hundred day moving average is C$159.96. Canadian Tire has a 1-year low of C$136.10 and a 1-year high of C$191.89. The stock has a market cap of C$9.91 billion, a price-to-earnings ratio of 27.72, a PEG ratio of 0.35 and a beta of 1.33.
Insider Buying and Selling
In related news, Director Steve Frazier bought 450 shares of the stock in a transaction that occurred on Monday, June 9th. The stock was purchased at an average cost of C$178.77 per share, with a total value of C$80,447.09. Insiders own 1.90% of the company's stock.
Canadian Tire Company Profile
(
Get Free Report)
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.
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