Canadian Tire Co. Limited Receives Average Recommendation of “Hold” from Analysts (TSE:CTC.A)
Canadian Tire Co. Limited (TSE:CTC.A) has been given an average recommendation of “Hold” by the ten ratings firms that are currently covering the stock, Stock Ratings Network.com reports. Two research analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is C$120.75.
A number of analysts have recently weighed in on CTC.A shares. Analysts at Scotiabank raised their price target on shares of Canadian Tire Co. Limited from C$109.00 to C$115.00 in a research note on Wednesday. They now have a “sector perform” rating on the stock. Separately, analysts at CSFB downgraded shares of Canadian Tire Co. Limited from a “neutral” rating to an “underperform” rating in a research note on Monday. Finally, analysts at Credit Suisse downgraded shares of Canadian Tire Co. Limited from a “neutral” rating to an “underperform” rating in a research note on Monday. They noted that the move was a valuation call.
Canadian Tire Corporation, Limited comprises two main business operations that offer a range of retail goods and services, including general merchandise, clothing, sporting goods, petroleum and financial services.
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