National Bankshares Issues Positive Forecast for Canadian Tire (TSE:CTC.A) Stock Price

Canadian Tire (TSE:CTC.A) had its target price hoisted by National Bankshares from C$197.00 to C$201.00 in a research report sent to investors on Monday morning,BayStreet.CA reports. The firm currently has a sector perform rating on the stock.

Several other research firms have also recently commented on CTC.A. TD Securities boosted their target price on Canadian Tire from C$183.00 to C$194.00 and gave the company a “hold” rating in a research note on Friday, November 7th. Scotiabank increased their target price on shares of Canadian Tire from C$150.00 to C$155.00 and gave the stock an “underperform” rating in a report on Friday, November 7th. CIBC raised their target price on shares of Canadian Tire from C$181.00 to C$189.00 in a research report on Friday, November 7th. Desjardins boosted their price target on shares of Canadian Tire from C$185.00 to C$190.00 in a research report on Friday, November 7th. Finally, BMO Capital Markets increased their price objective on shares of Canadian Tire from C$175.00 to C$180.00 in a research note on Monday, November 10th. One equities research analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of C$178.25.

Canadian Tire Stock Performance

Shares of Canadian Tire stock opened at C$174.14 on Monday. The company has a debt-to-equity ratio of 173.58, a current ratio of 1.79 and a quick ratio of 1.15. The firm has a market cap of C$9.30 billion, a price-to-earnings ratio of 13.21, a price-to-earnings-growth ratio of 0.35 and a beta of 1.05. The stock’s 50-day moving average is C$172.07 and its 200-day moving average is C$172.45. Canadian Tire has a one year low of C$139.50 and a one year high of C$194.39.

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. Party City, PartSource and Gas+ are key parts of the Canadian Tire network. The Retail segment also includes Mark’s, a leading source for casual and industrial wear; Pro Hockey Life, a hockey specialty store catering to elite players; and SportChek, Hockey Experts, Sports Experts and Atmosphere, which offer the best active wear brands.