Canadian Tire Co. Limited (TSE:CTC.A) Given Average Recommendation of “Moderate Buy” by Analysts

Canadian Tire Co. Limited (TSE:CTC.A) has earned a consensus rating of “Moderate Buy” from the six brokerages that are presently covering the company, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is C$152.40.

Several analysts recently issued reports on the company. TD Securities cut their target price on Canadian Tire from C$182.00 to C$176.00 and set a “buy” rating on the stock in a research note on Friday, February 14th. CIBC cut their price objective on Canadian Tire from C$165.00 to C$156.00 in a research report on Friday, February 14th. National Bankshares upped their target price on Canadian Tire from C$70.00 to C$174.00 and gave the company a “sector perform” rating in a report on Friday, March 7th. Canaccord Genuity Group cut their price target on shares of Canadian Tire from C$158.00 to C$153.00 in a report on Thursday, February 20th. Finally, Jefferies Financial Group decreased their price objective on shares of Canadian Tire from C$145.00 to C$140.00 in a report on Friday, March 7th.

Canadian Tire Trading Down 0.4 %

Shares of CTC.A stock opened at C$146.98 on Thursday. The business has a 50-day moving average of C$146.47 and a 200 day moving average of C$153.02. The company has a debt-to-equity ratio of 173.58, a current ratio of 1.79 and a quick ratio of 1.15. Canadian Tire has a 1-year low of C$127.59 and a 1-year high of C$169.27. The stock has a market capitalization of C$7.67 billion, a PE ratio of 21.46, a P/E/G ratio of 0.35 and a beta of 1.33.

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.