Canadian Tire (TSE:CTC.A) was downgraded by Barclays from an “overweight” rating to an “equal weight” rating in a note issued to investors on Monday. They currently have a C$166.00 target price on the stock, down from their prior target price of C$193.00. Barclays‘s target price would suggest a potential upside of 11.95% from the company’s previous close.
Several other equities analysts have also issued reports on CTC.A. Royal Bank of Canada lifted their price target on Canadian Tire from C$197.00 to C$201.00 and gave the company an “outperform” rating in a research note on Friday, November 9th. National Bank Financial decreased their price target on Canadian Tire from C$181.00 to C$180.00 and set an “outperform” rating on the stock in a research note on Thursday, January 31st. CIBC decreased their price target on Canadian Tire from C$188.00 to C$179.00 in a research note on Monday, October 29th. Finally, Raymond James decreased their price target on Canadian Tire from C$198.00 to C$181.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 7th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of C$185.36.
Canadian Tire stock traded down C$4.17 during mid-day trading on Monday, reaching C$148.28. 233,682 shares of the company were exchanged, compared to its average volume of 241,044. Canadian Tire has a 12 month low of C$140.60 and a 12 month high of C$180.21. The company has a debt-to-equity ratio of 157.36, a current ratio of 1.61 and a quick ratio of 1.17. The firm has a market cap of $8.91 billion and a PE ratio of 13.71.
Canadian Tire Company Profile
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, and petroleum under the Canadian Tire, Canadian Tire Gas, Mark's, PartSource, and FGL banners.
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