Shares of Canadian Tire Co. Limited (TSE:CTC.A – Get Free Report) have earned an average rating of “Moderate Buy” from the seven research firms that are presently covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is C$182.11.
CTC.A has been the subject of several research analyst reports. National Bankshares reduced their target price on shares of Canadian Tire from C$184.00 to C$166.00 and set a “sector perform” rating for the company in a report on Monday, October 16th. Royal Bank of Canada reduced their price target on Canadian Tire from C$208.00 to C$205.00 and set an “outperform” rating for the company in a research note on Wednesday, November 1st. Desjardins lowered their price objective on Canadian Tire from C$190.00 to C$180.00 in a research report on Tuesday. BMO Capital Markets reduced their target price on shares of Canadian Tire from C$196.00 to C$180.00 in a research report on Friday, August 11th. Finally, CIBC set a C$177.00 price objective on shares of Canadian Tire and gave the stock a “neutral” rating in a research note on Monday, October 30th.
Canadian Tire Trading Down 0.2 %
Canadian Tire Company Profile
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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