Canadian Tire Co., Limited (OTCMKTS:CDNAF) Receives Average Recommendation of “Buy” from Brokerages

Canadian Tire Co., Limited (OTCMKTS:CDNAFGet Rating) has been assigned an average rating of “Buy” from the nine ratings firms that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating and two have given a buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $226.11.

Several analysts recently commented on the company. Royal Bank of Canada lifted their price objective on Canadian Tire from C$255.00 to C$260.00 in a report on Friday, February 18th. TD Securities lifted their price objective on Canadian Tire from C$240.00 to C$250.00 in a report on Friday, February 18th. Canaccord Genuity Group raised Canadian Tire to a “buy” rating and set a $208.00 price objective for the company in a report on Friday, May 13th. Desjardins cut their price objective on Canadian Tire from C$234.00 to C$225.00 in a report on Monday, May 16th. Finally, Scotiabank lifted their price objective on Canadian Tire from C$250.00 to C$270.00 in a report on Friday, February 18th.

CDNAF stock opened at $132.10 on Friday. Canadian Tire has a 1-year low of $125.63 and a 1-year high of $173.05. The business has a fifty day moving average price of $141.97 and a 200-day moving average price of $142.13.

Canadian Tire Company Profile (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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Analyst Recommendations for Canadian Tire (OTCMKTS:CDNAF)

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