National Bankshares Increases Canadian Tire (TSE:CTC.A) Price Target to C$204.00

Canadian Tire (TSE:CTC.A - Free Report) had its price target upped by National Bankshares from C$173.00 to C$204.00 in a report issued on Wednesday,BayStreet.CA reports. National Bankshares currently has a sector perform rating on the stock.

Other analysts have also recently issued reports about the stock. Jefferies Financial Group raised their price target on shares of Canadian Tire from C$140.00 to C$164.00 in a report on Friday, May 9th. TD Securities raised 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 report on Friday, May 9th. Desjardins raised 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 report on Friday, May 9th. Finally, BMO Capital Markets lifted their target price on shares of Canadian Tire from C$170.00 to C$175.00 in a research note on Friday, May 9th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of C$175.00.

Canadian Tire Stock Down 0.2%

Canadian Tire stock traded down C$0.33 during midday trading on Wednesday, hitting C$191.04. 104,689 shares of the company's stock were exchanged, compared to its average volume of 307,172. The company has a debt-to-equity ratio of 173.58, a quick ratio of 1.15 and a current ratio of 1.79. Canadian Tire has a 12 month low of C$136.10 and a 12 month high of C$192.43. The firm has a 50-day moving average of C$178.20 and a two-hundred day moving average of C$160.72. The company has a market cap of C$9.97 billion, a PE ratio of 27.89, a P/E/G ratio of 0.35 and a beta of 1.33.

Insider Transactions at Canadian Tire

In related news, Director Steve Frazier acquired 450 shares of Canadian Tire stock in a transaction that occurred on Monday, June 9th. The shares were purchased at an average cost of C$178.77 per share, for a total transaction of C$80,447.09. Company insiders own 1.90% of the company's stock.

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.