Canadian Tire Co. Limited (TSE:CTC.A) Receives Average Rating of “Hold” from Brokerages

Canadian Tire Co. Limited (TSE:CTC.A) has been assigned a consensus recommendation of “Hold” from the seven brokerages that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, four have given a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is C$173.22.

CTC.A has been the topic of several recent analyst reports. Jefferies Financial Group increased their price target on Canadian Tire from C$140.00 to C$164.00 in a report on Friday, May 9th. BMO Capital Markets downgraded Canadian Tire from an “outperform” rating to a “market perform” rating and cut their price objective for the company from C$191.00 to C$175.00 in a research report on Friday, August 8th. TD Securities lowered Canadian Tire from a “buy” rating to a “hold” rating and reduced their target price for the stock from C$201.00 to C$184.00 in a research note on Friday, August 8th. Desjardins lifted their target price on Canadian Tire from C$175.00 to C$195.00 and gave the stock a “buy” rating in a research report on Tuesday, August 5th. Finally, National Bankshares cut their price target on shares of Canadian Tire from C$204.00 to C$190.00 and set a “sector perform” rating on the stock in a report on Friday, August 8th.

Insider Buying and Selling

In related news, Director Steve Frazier bought 450 shares of the company’s stock in a transaction on Monday, June 9th. The shares were acquired at an average cost of C$178.77 per share, for a total transaction of C$80,447.09. 1.90% of the stock is owned by corporate insiders.

Canadian Tire Stock Performance

Shares of TSE:CTC.A opened at C$166.42 on Wednesday. The company has a current ratio of 1.79, a quick ratio of 1.15 and a debt-to-equity ratio of 173.58. Canadian Tire has a 12 month low of C$139.50 and a 12 month high of C$194.39. The company has a market capitalization of C$8.69 billion, a price-to-earnings ratio of 24.29, a PEG ratio of 0.35 and a beta of 1.33. The firm’s 50-day moving average is C$182.07 and its 200 day moving average is C$163.40.

About Canadian Tire

Canadian Tire Corporation, Limited, (TSX: CTC.A) (TSX: CTC) or ‘CTC’, is a group of companies that includes a Retail segment, a Financial Services division and CT REIT. Our retail business is led by Canadian Tire, which was founded in 1922 and provides Canadians with products for life in Canada across its Living, Playing, Fixing, Automotive and Seasonal & Gardening divisions.