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

Shares of Canadian Tire Co. Limited (TSE:CTC.A) have earned an average recommendation of “Hold” from the six analysts that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and one has issued a buy recommendation on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is C$177.75.

A number of analysts have weighed in on CTC.A shares. TD Securities increased their price target on shares of Canadian Tire from C$183.00 to C$194.00 and gave the company a “hold” rating in a report on Friday, November 7th. CIBC increased their target price on shares of Canadian Tire from C$181.00 to C$189.00 in a research note on Friday, November 7th. Desjardins lifted their target price on Canadian Tire from C$185.00 to C$190.00 in a research report on Friday, November 7th. BMO Capital Markets boosted their price target on Canadian Tire from C$175.00 to C$180.00 in a research note on Monday, November 10th. Finally, Scotiabank raised their price objective on Canadian Tire from C$150.00 to C$155.00 and gave the stock an “underperform” rating in a research report on Friday, November 7th.

Canadian Tire Trading Down 0.2%

Shares of Canadian Tire stock opened at C$176.71 on Friday. Canadian Tire has a 1 year low of C$139.50 and a 1 year high of C$194.39. The company’s fifty day simple moving average is C$171.71 and its 200-day simple moving average is C$173.16. The company has a market cap of C$9.44 billion, a price-to-earnings ratio of 13.41, a PEG ratio of 0.35 and a beta of 1.05. The company has a current ratio of 1.79, a quick ratio of 1.15 and a debt-to-equity ratio of 173.58.

Canadian Tire Company Profile

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.