TD Securities Has Lowered Expectations for Canadian Tire (TSE:CTC.A) Stock Price

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

Several other equities analysts have also commented on the company. Jefferies Financial Group lowered their target price on Canadian Tire from C$145.00 to C$140.00 in a report on Friday, March 7th. National Bankshares upped their price objective on Canadian Tire from C$70.00 to C$174.00 and gave the stock a "sector perform" rating in a research note on Friday, March 7th. Canaccord Genuity Group cut their target price on Canadian Tire from C$158.00 to C$153.00 in a research note on Thursday, February 20th. 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 report on Thursday, February 20th. Finally, CIBC cut their price objective on shares of Canadian Tire from C$165.00 to C$156.00 in a research report on Friday, February 14th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of C$151.80.

Canadian Tire Stock Performance

Shares of TSE:CTC.A traded up C$0.18 on Monday, reaching C$150.95. 225,991 shares of the company's stock were exchanged, compared to its average volume of 349,942. The business's 50-day moving average is C$147.14 and its two-hundred day moving average is C$152.25. 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 fifty-two week low of C$131.31 and a fifty-two week high of C$169.27. The firm has a market capitalization of C$7.88 billion, a price-to-earnings ratio of 22.04, a PEG ratio of 0.35 and a beta of 1.33.

About Canadian Tire

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.