Canadian Tire (TSE:CTC.A) Price Target Cut to C$167.00

Canadian Tire (TSE:CTC.AGet Free Report) had its target price decreased by Canaccord Genuity Group from C$172.00 to C$167.00 in a research report issued on Friday, BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Canaccord Genuity Group’s target price points to a potential upside of 19.02% from the company’s previous close.

Other equities analysts have also issued reports about the stock. Desjardins decreased their price objective on shares of Canadian Tire from C$190.00 to C$180.00 and set a “buy” rating for the company in a report on Tuesday, November 7th. National Bankshares decreased their price target on shares of Canadian Tire from C$184.00 to C$166.00 and set a “sector perform” rating on the stock in a research note on Monday, October 16th. CIBC set a C$177.00 target price on shares of Canadian Tire and gave the company a “neutral” rating in a research report on Monday, October 30th. BMO Capital Markets cut their price target on shares of Canadian Tire from C$196.00 to C$180.00 in a report on Friday, August 11th. Finally, Royal Bank of Canada dropped their target price on shares of Canadian Tire from C$208.00 to C$205.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 1st. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$171.44.

Check Out Our Latest Stock Analysis on Canadian Tire

Canadian Tire Stock Up 0.8 %

Shares of TSE:CTC.A opened at C$140.31 on Friday. The company has a current ratio of 1.49, a quick ratio of 1.15 and a debt-to-equity ratio of 162.71. The stock has a market capitalization of C$7.36 billion, a P/E ratio of 10.01, a price-to-earnings-growth ratio of 0.37 and a beta of 1.35. Canadian Tire has a 12-month low of C$131.46 and a 12-month high of C$189.82. The stock’s 50-day moving average price is C$144.79 and its 200-day moving average price is C$162.58.

About Canadian Tire

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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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