Canadian Tire (CTC.A) Stock Forecast & Price Target

C$142.47

-0.39 (-0.27%)

(As of 12/4/2023 ET)

Compare

Today's Range: C$141.61
▼
C$144.37
50-Day Range: C$133.76
▼
C$148.81
52-Week Range: C$131.46
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C$189.82

Volume: 96,260 shs
Average Volume: 225,836 shs
Market Capitalization: C$7.44 billion

P/E Ratio: 14.63
Dividend Yield: 4.91%
Price Target: C$170.33

Stock Analysis Analyst Forecasts Chart Competitors Headlines Insider Trades

Canadian Tire Consensus Analyst Rating and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Analysts' Consensus Rating

Moderate Buy
Based on 8 Analyst Ratings

Analysts' Consensus Price Target

C$170.33
19.56% Upside

High Forecast	C$202.00
Average Forecast	C$170.33
Low Forecast	C$152.00

Type	Current Forecast 12/5/22 to 12/5/23	1 Month Ago 11/5/22 to 11/5/23	3 Months Ago 9/6/22 to 9/6/23	1 Year Ago 12/5/21 to 12/5/22
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Buy
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	5 Buy rating(s)	4 Buy rating(s)	4 Buy rating(s)	6 Buy rating(s)
Hold	3 Hold rating(s)	3 Hold rating(s)	2 Hold rating(s)	0 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	C$170.33	C$184.89	C$193.38	C$195.56
Predicted Upside	19.56% Upside	25.09% Upside	16.32% Upside	20.97% Upside

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CTC.A Analyst Ratings By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

CTC.A Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Canadian Tire Stock vs. The Competition

Type	Canadian Tire	Consumer Cyclical Companies
Consensus Rating Score	2.63	2.44
Consensus Rating	Moderate Buy	Hold
News Sentiment Rating	Negative News	Neutral News

Recent Analyst Ratings and Stock Forecasts

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Action	Rating	Price Target	Upside/Downside on Report Date
11/13/2023	Desjardins Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Buy	C$180.00 ➝ C$170.00	+21.16%
11/10/2023	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Outperform	C$205.00 ➝ C$199.00	+42.78%
11/10/2023	TD Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Hold	C$185.00 ➝ C$160.00	+14.79%
11/10/2023	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Outperform	C$172.00 ➝ C$160.00	+14.79%
11/10/2023	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Outperform	C$180.00 ➝ C$170.00	+21.97%
11/10/2023	National Bankshares Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Sector Perform	C$166.00 ➝ C$152.00	+9.05%
Get the Latest News and Ratings for CTC.A and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Canadian Tire and its competitors with MarketBeat's FREE daily newsletter.
11/10/2023	CIBC Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Neutral	C$177.00 ➝ C$153.00	+9.77%
11/10/2023	Canaccord Genuity Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Buy	C$172.00 ➝ C$167.00	+19.82%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 05:58 AM ET.

CTC.A Price Target - Frequently Asked Questions

What is Canadian Tire's consensus rating and price target?: According to the issued ratings of 8 analysts in the last year, the consensus rating for Canadian Tire stock is Moderate Buy based on the current 3 hold ratings and 5 buy ratings for CTC.A. The average twelve-month price prediction for Canadian Tire is C$170.33 with a high price target of C$202.00 and a low price target of C$152.00. Learn more on CTC.A's analyst rating history.
Do Wall Street analysts like Canadian Tire more than its competitors?: Analysts like Canadian Tire more than other Consumer Cyclical companies. The consensus rating for Canadian Tire is Moderate Buy while the average consensus rating for consumer cyclical companies is Hold. Learn more on how CTC.A compares to other companies.
Does Canadian Tire's stock price have much upside?: According to analysts, Canadian Tire's stock has a predicted upside of 20.24% based on their 12-month stock forecasts.

What analysts cover Canadian Tire?: Canadian Tire has been rated by BMO Capital Markets, Canaccord Genuity Group, CIBC, Desjardins, National Bankshares, Royal Bank of Canada, Scotiabank, and TD Securities in the past 90 days.

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This page (TSE:CTC.A) was last updated on 12/5/2023 by MarketBeat.com Staff

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