Canadian Tire (TSE:CTC.A) Price Target Lowered to C$170.00 at TD Securities

Canadian Tire (TSE:CTC.A) had its price target dropped by equities research analysts at TD Securities from C$176.00 to C$170.00 in a research note issued to investors on Monday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. TD Securities’ price target indicates a potential upside of 11.68% from the stock’s current price.

Other equities research analysts have also recently issued reports about the stock. Jefferies Financial Group reduced their target price on shares of Canadian Tire from C$145.00 to C$140.00 in a research report on Friday, March 7th. BMO Capital Markets raised Canadian Tire from a “market perform” rating to an “outperform” rating and set a C$170.00 price target on the stock in a research note on Thursday, February 20th. National Bankshares increased their price objective on shares of Canadian Tire from C$70.00 to C$174.00 and gave the stock a “sector perform” rating in a research report on Friday, March 7th. Canaccord Genuity Group dropped their target price on shares of Canadian Tire from C$158.00 to C$153.00 in a report on Thursday, February 20th. Finally, CIBC decreased their price target on Canadian Tire from C$165.00 to C$156.00 in a research note on Friday, February 14th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$151.80.

Canadian Tire Stock Up 0.5 %

CTC.A stock opened at C$152.22 on Monday. The firm has a 50-day simple moving average of C$146.69 and a 200-day simple moving average of C$152.37. Canadian Tire has a 52 week low of C$130.74 and a 52 week high of C$169.27. The stock has a market capitalization of C$7.95 billion, a P/E ratio of 22.22, a P/E/G ratio of 0.35 and a beta of 1.33. The company has a quick ratio of 1.15, a current ratio of 1.79 and a debt-to-equity ratio of 173.58.

About Canadian Tire

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.