Canadian Tire (TSE:CTC.A - Free Report) had its target price cut by Canaccord Genuity Group from C$40.00 to C$37.00 in a research report report published on Monday morning, BayStreet.CA reports. They currently have a hold rating on the stock.
CTC.A has been the topic of several other reports. Scotiabank dropped their price objective on shares of Canadian Tire from C$158.00 to C$150.00 and set an outperform rating on the stock in a report on Friday, February 16th. CIBC reduced their price objective on shares of Canadian Tire from C$153.00 to C$150.00 and set a neutral rating for the company in a research note on Friday, February 16th. BMO Capital Markets downgraded Canadian Tire from an outperform rating to a market perform rating and dropped their target price for the stock from C$170.00 to C$150.00 in a research report on Tuesday, February 20th. Desjardins reduced their price target on Canadian Tire from C$170.00 to C$160.00 and set a buy rating for the company in a research report on Friday, February 16th. Finally, National Bankshares decreased their price objective on Canadian Tire from C$146.00 to C$144.00 and set a sector perform rating on the stock in a research note on Monday, April 29th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of Hold and a consensus price target of C$142.63.
Read Our Latest Report on CTC.A
Canadian Tire Stock Performance
Shares of CTC.A stock traded up C$2.60 during trading hours on Monday, hitting C$136.61. 206,327 shares of the company were exchanged, compared to its average volume of 257,792. The company has a current ratio of 1.77, a quick ratio of 1.15 and a debt-to-equity ratio of 180.91. The stock has a market capitalization of C$7.13 billion, a price-to-earnings ratio of 36.14, a P/E/G ratio of 2.10 and a beta of 1.37. The firm has a fifty day simple moving average of C$133.89 and a 200 day simple moving average of C$139.09. Canadian Tire has a 52-week low of C$126.25 and a 52-week high of C$189.82.
Insider Activity
In related news, Director Steve Frazier bought 400 shares of the stock in a transaction that occurred on Wednesday, February 21st. The shares were acquired at an average cost of C$103.73 per share, with a total value of C$41,490.00. Corporate insiders own 2.93% of the company's stock.
Canadian Tire Company Profile
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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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