Canadian Tire (TSE:CTC.A) Price Target Raised to C$222.00 at National Bankshares

Canadian Tire (TSE:CTC.AGet Rating) had its price target hoisted by analysts at National Bankshares from C$212.00 to C$222.00 in a report issued on Monday, BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bankshares’ price target would indicate a potential upside of 26.39% from the company’s previous close.

Several other equities research analysts have also issued reports on the company. CIBC upped their price target on Canadian Tire from C$220.00 to C$222.00 and gave the company an “outperform” rating in a research report on Monday. Boenning Scattergood boosted their price target on shares of Canadian Tire from C$234.00 to C$244.00 and gave the company a “buy” rating in a report on Friday, February 18th. BMO Capital Markets lowered their price target on shares of Canadian Tire from C$187.00 to C$184.00 in a report on Friday. Royal Bank of Canada raised their price target on shares of Canadian Tire from C$255.00 to C$260.00 and gave the company an “outperform” rating in a research note on Friday, February 18th. Finally, Canaccord Genuity Group upgraded shares of Canadian Tire to a “buy” rating and set a C$208.00 price target on the stock in a report on Friday. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, Canadian Tire presently has an average rating of “Buy” and an average target price of C$226.91.

Shares of CTC.A opened at C$175.64 on Monday. The company has a debt-to-equity ratio of 162.13, a quick ratio of 1.30 and a current ratio of 1.72. The business’s 50-day moving average is C$183.03 and its two-hundred day moving average is C$181.49. Canadian Tire has a fifty-two week low of C$163.70 and a fifty-two week high of C$213.49. The company has a market capitalization of C$10.56 billion and a P/E ratio of 9.56.

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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