Canadian Tire (TSE:CTC.A) Stock Price Expected to Rise, National Bankshares Analyst Says

Canadian Tire (TSE:CTC.A) had its price objective upped by equities research analysts at National Bankshares from C$173.00 to C$204.00 in a research note issued on Wednesday,BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock. National Bankshares’ target price would suggest a potential upside of 6.60% from the stock’s previous close.

Other analysts also recently issued reports about the stock. TD Securities upped their target price on shares of Canadian Tire from C$170.00 to C$181.00 and gave the stock a “buy” rating in a research report on Friday, May 9th. BMO Capital Markets upped their price target on shares of Canadian Tire from C$170.00 to C$175.00 in a research note on Friday, May 9th. Desjardins upped their price target on shares of Canadian Tire from C$170.00 to C$175.00 and gave the stock a “buy” rating in a research note on Friday, May 9th. Finally, Jefferies Financial Group upped their price target on shares of Canadian Tire from C$140.00 to C$164.00 in a research note on Friday, May 9th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of C$175.00.

Canadian Tire Trading Up 0.1%

Shares of CTC.A opened at C$191.37 on Wednesday. The firm has a market cap of C$9.99 billion, a price-to-earnings ratio of 27.94, a PEG ratio of 0.35 and a beta of 1.33. The company has a debt-to-equity ratio of 173.58, a quick ratio of 1.15 and a current ratio of 1.79. Canadian Tire has a fifty-two week low of C$136.10 and a fifty-two week high of C$192.43. The firm has a 50 day moving average price of C$177.58 and a 200-day moving average price of C$160.45.

Insiders Place Their Bets

In other Canadian Tire news, Director Steve Frazier acquired 450 shares of the company’s stock in a transaction dated Monday, June 9th. The shares were acquired at an average price of C$178.77 per share, for a total transaction of C$80,447.09. 1.90% of the stock is currently owned by company insiders.

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.