Canadian Tire Co. Limited (TSE:CTC.A) Receives Average Rating of “Hold” from Analysts

Shares of Canadian Tire Co. Limited (TSE:CTC.A) have been assigned a consensus rating of “Hold” from the six ratings firms that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is C$177.75.

A number of equities analysts recently issued reports on the stock. Desjardins upped their target price on shares of Canadian Tire from C$185.00 to C$190.00 in a research note on Friday, November 7th. National Bankshares boosted their price objective on shares of Canadian Tire from C$185.00 to C$197.00 and gave the stock a “sector perform” rating in a report on Friday, November 7th. BMO Capital Markets upped their price objective on shares of Canadian Tire from C$175.00 to C$180.00 in a research report on Monday, November 10th. TD Securities lifted their target price on Canadian Tire from C$183.00 to C$194.00 and gave the stock a “hold” rating in a research report on Friday, November 7th. Finally, Scotiabank upped their price target on Canadian Tire from C$150.00 to C$155.00 and gave the company an “underperform” rating in a report on Friday, November 7th.

Canadian Tire Stock Down 0.2%

Shares of CTC.A stock opened at C$172.73 on Tuesday. Canadian Tire has a 12 month low of C$139.50 and a 12 month high of C$194.39. The company has a quick ratio of 1.15, a current ratio of 1.79 and a debt-to-equity ratio of 173.58. The firm has a market cap of C$9.23 billion, a PE ratio of 13.11, a price-to-earnings-growth ratio of 0.35 and a beta of 1.07. The stock has a 50 day moving average of C$169.57 and a 200-day moving average of C$173.85.

About Canadian Tire

Canadian Tire Corporation, Limited, (TSX: CTC.A) (TSX: CTC) or ‘CTC’, is a group of companies that includes a Retail segment, a Financial Services division and CT REIT. Our retail business is led by Canadian Tire, which was founded in 1922 and provides Canadians with products for life in Canada across its Living, Playing, Fixing, Automotive and Seasonal & Gardening divisions. Party City, PartSource and Gas+ are key parts of the Canadian Tire network. The Retail segment also includes Mark’s, a leading source for casual and industrial wear; Pro Hockey Life, a hockey specialty store catering to elite players; and SportChek, Hockey Experts, Sports Experts and Atmosphere, which offer the best active wear brands.