TD Securities Cuts Canadian Tire (TSE:CTC.A) Price Target to C$170.00

Canadian Tire (TSE:CTC.A - Free Report) had its price target cut by TD Securities from C$176.00 to C$170.00 in a research note released on Monday morning,BayStreet.CA reports. They currently have a buy rating on the stock.

Other research analysts also recently issued research reports about the company. Canaccord Genuity Group lowered their price objective on Canadian Tire from C$158.00 to C$153.00 in a research note on Thursday, February 20th. National Bankshares boosted their price objective on Canadian Tire from C$70.00 to C$174.00 and gave the stock a "sector perform" rating in a report on Friday, March 7th. Jefferies Financial Group lowered their target price on Canadian Tire from C$145.00 to C$140.00 in a research note on Friday, March 7th. BMO Capital Markets upgraded shares of Canadian Tire from a "market perform" rating to an "outperform" rating and set a C$170.00 price target for the company in a research note on Thursday, February 20th. Finally, CIBC lowered their price objective on Canadian Tire from C$165.00 to C$156.00 in a research note on Friday, February 14th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of C$151.80.

Canadian Tire Stock Performance

TSE CTC.A traded up C$0.81 on Monday, hitting C$151.69. 13,125 shares of the stock were exchanged, compared to its average volume of 336,765. The business's fifty day moving average is C$146.87 and its 200 day moving average is C$152.32. Canadian Tire has a 52 week low of C$131.31 and a 52 week high of C$169.27. The company has a market capitalization of C$7.92 billion, a PE ratio of 22.14, a P/E/G ratio of 0.35 and a beta of 1.33. The company has a debt-to-equity ratio of 173.58, a current ratio of 1.79 and a quick ratio of 1.15.

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.