National Bankshares Raises Canadian Tire (TSE:CTC.A) Price Target to C$201.00

Canadian Tire (TSE:CTC.A) had its price objective boosted by investment analysts at National Bankshares from C$197.00 to C$201.00 in a note issued to investors on Monday,BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. National Bankshares’ price objective indicates a potential upside of 16.23% from the company’s previous close.

CTC.A has been the subject of a number of other research reports. Desjardins upped their price target on Canadian Tire from C$185.00 to C$190.00 in a research report on Friday, November 7th. Scotiabank lifted their price target on shares of Canadian Tire from C$150.00 to C$155.00 and gave the company an “underperform” rating in a research note on Friday, November 7th. TD Securities increased their price objective on shares of Canadian Tire from C$183.00 to C$194.00 and gave the stock a “hold” rating in a research note on Friday, November 7th. CIBC raised their price objective on Canadian Tire from C$181.00 to C$189.00 in a report on Friday, November 7th. Finally, BMO Capital Markets upped their target price on Canadian Tire from C$175.00 to C$180.00 in a report on Monday, November 10th. One research analyst has rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Canadian Tire has a consensus rating of “Hold” and a consensus price target of C$178.25.

Canadian Tire Stock Performance

CTC.A opened at C$172.93 on Monday. The company has a debt-to-equity ratio of 173.58, a current ratio of 1.79 and a quick ratio of 1.15. The company has a market capitalization of C$9.24 billion, a price-to-earnings ratio of 13.12, a P/E/G ratio of 0.35 and a beta of 1.05. The business’s 50-day moving average price is C$172.13 and its two-hundred day moving average price is C$172.34. Canadian Tire has a 1 year low of C$139.50 and a 1 year high of C$194.39.

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.