Scotiabank Upgrades Canadian Tire (TSE:CTC.A) to “Sector Perform”

Canadian Tire (TSE:CTC.A) was upgraded by analysts at Scotiabank from an “underperform” rating to a “sector perform” rating in a report released on Friday,BayStreet.CA reports. The firm currently has a C$180.00 price objective on the stock, up from their prior price objective of C$160.00. Scotiabank’s target price suggests a potential downside of 4.50% from the company’s previous close.

A number of other equities analysts have also recently issued reports on CTC.A. BMO Capital Markets boosted their price objective on Canadian Tire from C$180.00 to C$194.00 and gave the company a “market perform” rating in a report on Friday. TD Securities increased their target price on Canadian Tire from C$183.00 to C$194.00 and gave the stock a “hold” rating in a research note on Friday, November 7th. Desjardins boosted their target price on shares of Canadian Tire from C$190.00 to C$203.00 and gave the company a “buy” rating in a research note on Friday. Canadian Imperial Bank of Commerce upped their price target on shares of Canadian Tire from C$181.00 to C$189.00 in a report on Friday, November 7th. Finally, National Bank Financial raised their price target on shares of Canadian Tire from C$197.00 to C$201.00 and gave the stock a “sector perform” rating in a research note on Monday, January 26th. One research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of C$192.29.

Canadian Tire Stock Up 3.3%

Shares of TSE:CTC.A opened at C$188.48 on Friday. Canadian Tire has a 1 year low of C$139.50 and a 1 year high of C$196.46. The business has a 50 day simple moving average of C$175.42 and a two-hundred day simple moving average of C$171.06. The firm has a market capitalization of C$10.07 billion, a PE ratio of 14.30, a price-to-earnings-growth ratio of 0.35 and a beta of 0.90. The company has a debt-to-equity ratio of 173.58, a current ratio of 1.79 and a quick ratio of 1.15.

Key Canadian Tire News

Here are the key news stories impacting Canadian Tire this week:

• Positive Sentiment: Desjardins raised its price target to C$203 and gave a “buy” rating — an endorsement that can attract buying interest and supports a multi-percent upside thesis. Article Title
• Positive Sentiment: TD Securities lifted its target to C$205 (maintaining a “hold”) — another upward revision that signals improving analyst views on Canadian Tire’s outlook. Article Title
• Positive Sentiment: National Bank Financial raised its target to C$211 (sector perform), the highest PT in this round — notable for suggesting greater upside potential from current levels. Article Title
• Positive Sentiment: BMO bumped its target to C$194 with a “market perform” — modestly bullish and supportive of near-term price strength. Article Title
• Neutral Sentiment: Canadian Tire reported strong holiday/Q4 results with revenue up year-over-year and SportChek comps rising — fundamentals that justify the analyst optimism but require follow-through in margins and guidance. Article Title
• Positive Sentiment: Management highlights Triangle Rewards as a “linchpin” for growth — loyalty program strength can boost customer retention and lifetime value, a structural positive for valuation. Article Title
• Positive Sentiment: Expanded Microsoft partnership to scale an AI-driven retail intelligence platform — technology investment that may improve merchandising, inventory turns and margins over time. Article Title
• Positive Sentiment: Technicals: the stock has crossed above its 200-day moving average — a bullish technical signal that can attract momentum traders. Article Title
• Negative Sentiment: Scotiabank upgraded the rating from “underperform” to “sector perform” but set a C$180 target (below current levels) — this reduces conviction from one large broker and represents a potential headwind if others echo the lower PT. Article Title

Canadian Tire Company Profile

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.