Canadian Tire (TSE:CTC.A) Given New C$212.00 Price Target at National Bankshares

Canadian Tire (TSE:CTC.AGet Rating) had its price target dropped by National Bankshares from C$236.00 to C$212.00 in a note issued to investors on Tuesday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. National Bankshares’ price target indicates a potential upside of 23.70% from the stock’s previous close.

CTC.A has been the topic of a number of other research reports. Boenning Scattergood lifted their target price on shares of Canadian Tire from C$234.00 to C$244.00 and gave the company a “buy” rating in a research note on Friday, February 18th. Royal Bank of Canada boosted their price objective on shares of Canadian Tire from C$255.00 to C$260.00 and gave the stock an “outperform” rating in a research note on Friday, February 18th. Scotiabank boosted their price objective on shares of Canadian Tire from C$270.00 to C$273.00 in a research note on Thursday, March 17th. TD Securities boosted their price objective on shares of Canadian Tire from C$240.00 to C$250.00 and gave the stock a “buy” rating in a research note on Friday, February 18th. Finally, Canaccord Genuity Group boosted their price objective on shares of Canadian Tire from C$218.00 to C$222.00 in a research note on Friday, February 18th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of C$227.36.

Shares of CTC.A traded up C$1.34 during trading hours on Tuesday, reaching C$171.38. 117,655 shares of the company traded hands, compared to its average volume of 201,135. The company’s fifty day moving average price is C$183.65 and its two-hundred day moving average price is C$181.79. The company has a market capitalization of C$10.31 billion and a price-to-earnings ratio of 9.33. The company has a quick ratio of 1.30, a current ratio of 1.72 and a debt-to-equity ratio of 162.13. Canadian Tire has a 12 month low of C$168.51 and a 12 month high of C$213.85.

Canadian Tire Company Profile (Get Rating)

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.

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