Canadian Tire (OTCMKTS:CDNAF) Given New C$203.00 Price Target at Canaccord Genuity Group

Canadian Tire (OTCMKTS:CDNAFGet Rating) had its price target dropped by equities research analysts at Canaccord Genuity Group from C$222.00 to C$203.00 in a research note issued to investors on Tuesday, The Fly reports. The brokerage presently has a “hold” rating on the stock.

CDNAF has been the subject of a number of other reports. TD Securities lifted their price target on shares of Canadian Tire from C$240.00 to C$250.00 in a research report on Friday, February 18th. Scotiabank lifted their price target on shares of Canadian Tire from C$250.00 to C$270.00 in a research report on Friday, February 18th. Royal Bank of Canada lifted their price target on shares of Canadian Tire from C$255.00 to C$260.00 in a research report on Friday, February 18th. Finally, National Bank Financial dropped their price target on shares of Canadian Tire from C$236.00 to C$212.00 in a research report on Tuesday. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Canadian Tire presently has an average rating of “Buy” and an average target price of $233.75.

Canadian Tire stock traded down $0.83 during midday trading on Tuesday, hitting $131.16. 115 shares of the stock were exchanged, compared to its average volume of 634. Canadian Tire has a fifty-two week low of $130.34 and a fifty-two week high of $175.03. The stock’s 50-day simple moving average is $145.24 and its 200 day simple moving average is $143.54.

About Canadian Tire (Get Rating)

Canadian Tire Corporation, Limited provides a range of retail goods and services in Canada. It operates in three segments: Retail, CT REIT, and Financial Services. The Retail segment retails automotive maintenance products and accessories, parts, tires as well as automotive repair and roadside assistance; kitchen, home organization, decor and essentials, home electronics, pet, and cleaning and consumable products; tools, hardware, paint, electrical, plumbing, home environment, and smart home products; and outdoor recreation, exercise, footwear and apparel, hunting, fishing, camping, and sporting goods.

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