Canadian Tire (TSE:CTC.A) had its target price hoisted by research analysts at Royal Bank of Canada from C$188.00 to C$190.00 in a research report issued on Friday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Royal Bank of Canada’s target price would suggest a potential upside of 27.59% from the stock’s current price.
Other research analysts also recently issued research reports about the company. BMO Capital Markets upped their price objective on Canadian Tire from C$147.00 to C$159.00 in a report on Friday, November 8th. TD Securities lifted their target price on Canadian Tire from C$185.00 to C$190.00 and gave the company a “buy” rating in a research note on Friday, November 8th. National Bank Financial boosted their target price on Canadian Tire from C$173.00 to C$174.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st. Finally, CIBC boosted their target price on Canadian Tire from C$167.00 to C$173.00 in a research report on Friday, November 8th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of C$176.88.
CTC.A stock traded up C$2.61 during trading on Friday, hitting C$148.91. The company had a trading volume of 693,028 shares, compared to its average volume of 241,044. The company has a quick ratio of 1.21, a current ratio of 1.70 and a debt-to-equity ratio of 191.49. The firm has a 50-day moving average price of C$142.91 and a 200-day moving average price of C$144.46. Canadian Tire has a 12 month low of C$131.31 and a 12 month high of C$157.36. The stock has a market cap of $8.75 billion and a price-to-earnings ratio of 13.29.
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, gasoline, sporting goods and active wear, and workwear under the Canadian Tire, SportChek, Sports Experts, National Sports, Pro Hockey Life, Atmosphere, Mark's, PartSource, Gas+, and Helly Hansen banners.
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