Analysts Set Canadian Tire Co. Limited (TSE:CTC.A) Price Target at C$157.25

Canadian Tire Co. Limited (TSE:CTC.A) has received an average recommendation of “Hold” from the eight brokerages that are presently covering the firm, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is C$157.25.

A number of equities analysts have issued reports on CTC.A shares. Desjardins cut their target price on Canadian Tire from C$170.00 to C$160.00 and set a “buy” rating on the stock in a research report on Friday, February 16th. Scotiabank dropped their target price on shares of Canadian Tire from C$158.00 to C$150.00 and set an “outperform” rating for the company in a research report on Friday, February 16th. Canaccord Genuity Group lowered shares of Canadian Tire from a “buy” rating to a “hold” rating and cut their target price for the company from C$167.00 to C$154.00 in a research note on Wednesday, February 7th. Royal Bank of Canada lowered their price objective on Canadian Tire from C$199.00 to C$195.00 and set an “outperform” rating for the company in a report on Friday, February 16th. Finally, CIBC reduced their target price on Canadian Tire from C$153.00 to C$150.00 and set a “neutral” rating on the stock in a report on Friday, February 16th.

Canadian Tire Stock Up 1.1 %

Shares of TSE:CTC.A opened at C$134.01 on Thursday. The company has a 50 day moving average of C$133.95 and a two-hundred day moving average of C$139.12. Canadian Tire has a 52-week low of C$126.25 and a 52-week high of C$189.82. The company has a quick ratio of 1.15, a current ratio of 1.77 and a debt-to-equity ratio of 180.91. The company has a market capitalization of C$7.00 billion, a price-to-earnings ratio of 35.45, a price-to-earnings-growth ratio of 2.10 and a beta of 1.37.

Insider Transactions at Canadian Tire

In other Canadian Tire news, Director Steve Frazier purchased 400 shares of the company’s stock in a transaction on Wednesday, February 21st. The shares were purchased at an average cost of C$103.73 per share, for a total transaction of C$41,490.00. Company insiders own 2.93% of the company’s stock.

About Canadian Tire

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.