Canadian Tire (TSE:CTC.A) Price Target Raised to C$165.00

Canadian Tire (TSE:CTC.A) had its target price hoisted by CIBC from C$160.00 to C$165.00 in a research report sent to investors on Friday,BayStreet.CA reports.

CTC.A has been the topic of several other reports. TD Securities raised shares of Canadian Tire from a “hold” rating to a “buy” rating and upped their price target for the company from C$160.00 to C$175.00 in a report on Friday, August 9th. Desjardins increased their target price on shares of Canadian Tire from C$165.00 to C$175.00 in a report on Friday, August 9th. Royal Bank of Canada increased their target price on shares of Canadian Tire from C$188.00 to C$192.00 in a report on Friday. National Bankshares increased their target price on shares of Canadian Tire from C$146.00 to C$158.00 in a report on Friday, August 9th. Finally, Jefferies Financial Group increased their target price on shares of Canadian Tire from C$121.00 to C$126.00 in a report on Friday, August 9th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$147.89.

Canadian Tire Price Performance

CTC.A opened at C$154.00 on Friday. The company has a quick ratio of 1.15, a current ratio of 1.79 and a debt-to-equity ratio of 173.58. Canadian Tire has a 52-week low of C$126.25 and a 52-week high of C$163.00. The company has a 50 day moving average of C$156.80 and a two-hundred day moving average of C$146.31. The company has a market cap of C$8.04 billion, a P/E ratio of 22.48, a P/E/G ratio of 0.35 and a beta of 1.33.

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.