Canadian Tire Co. Limited Given Average Rating of “Hold” by Brokerages (TSE:CTC.A)
Shares of Canadian Tire Co. Limited (TSE:CTC.A) have been given an average rating of “Hold” by the eleven analysts that are presently covering the stock, AR Network reports. Two research analysts have rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is C$121.33.
Several analysts have recently commented on the stock. Analysts at NBF raised their price target on shares of Canadian Tire Co. Limited from C$118.00 to C$126.00 in a research note on Friday. They now have an “outperform” rating on the stock. Separately, 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, May 14th. They now have a “sector perform” rating on the stock. Finally, analysts at CSFB downgraded shares of Canadian Tire Co. Limited from a “neutral” rating to an “underperform” rating in a research note on Monday, May 12th.
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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