National Bank Financial Forecasts Strong Price Appreciation for Canadian Tire (TSE:CTC.A) Stock

Canadian Tire (TSE:CTC.A) had its price objective increased by research analysts at National Bank Financial from C$201.00 to C$211.00 in a research note issued on Friday,BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. National Bank Financial’s price target would indicate a potential upside of 11.95% from the stock’s current price.

A number of other brokerages also recently weighed in on CTC.A. BMO Capital Markets upped their price objective on shares of Canadian Tire from C$180.00 to C$194.00 and gave the stock a “market perform” rating in a research report on Friday. Desjardins lifted their price target on Canadian Tire from C$190.00 to C$203.00 and gave the company a “buy” rating in a research note on Friday. Scotiabank raised Canadian Tire from an “underperform” rating to a “sector perform” rating and upped their price target for the stock from C$160.00 to C$180.00 in a report on Friday. TD Securities increased their price target on Canadian Tire from C$183.00 to C$194.00 and gave the stock a “hold” rating in a research report on Friday, November 7th. Finally, Canadian Imperial Bank of Commerce raised their price objective on Canadian Tire from C$181.00 to C$189.00 in a report on Friday, November 7th. One research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of C$192.29.

Canadian Tire Price Performance

Shares of TSE CTC.A opened at C$188.48 on Friday. The stock has a market capitalization of C$10.07 billion, a price-to-earnings ratio of 14.30, a PEG ratio of 0.35 and a beta of 0.90. Canadian Tire has a 12 month low of C$139.50 and a 12 month high of C$196.46. The firm’s 50 day simple moving average is C$175.42 and its 200-day simple moving average is C$171.06. The company has a debt-to-equity ratio of 173.58, a current ratio of 1.79 and a quick ratio of 1.15.

Trending Headlines about Canadian Tire

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.