Canadian Tire (TSE:CTC.A) had its price target increased by Barclays from C$178.00 to C$180.00 in a research report issued to clients and investors on Tuesday. Barclays’ target price suggests a potential upside of 11.40% from the stock’s current price.
Several other research analysts have also recently issued reports on the stock. TD Securities upped their target price on shares of Canadian Tire from C$195.00 to C$200.00 and gave the company a “buy” rating in a report on Thursday, February 8th. Royal Bank of Canada increased their price target on shares of Canadian Tire from C$190.00 to C$196.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 7th. CIBC increased their price target on shares of Canadian Tire from C$178.00 to C$184.00 in a research note on Monday, November 13th. Eight Capital increased their price target on shares of Canadian Tire from C$175.00 to C$180.00 in a research note on Monday, November 13th. Finally, Scotiabank increased their price target on shares of Canadian Tire from C$168.00 to C$176.00 and gave the stock a “sector perform” rating in a research note on Friday, November 10th. One analyst has rated the stock with a hold rating and ten have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of C$183.73.
Shares of Canadian Tire (TSE:CTC.A) traded down C$0.97 during trading on Tuesday, hitting C$161.58. 179,176 shares of the stock traded hands, compared to its average volume of 220,299. Canadian Tire has a fifty-two week low of C$140.60 and a fifty-two week high of C$175.73. The firm has a market cap of $11,070.00, a PE ratio of 16.00 and a beta of 0.71.
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Canadian Tire Corporation, Limited is a Canada-based company, which operates through a range of businesses. The Company’s segments include Retail, CT REIT and Financial Services. Its retail segment operates through its retail banners, including Canadian Tire, PartSource, Petroleum, Mark’s, and the various FGL Sports banners.
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