Canadian Tire Co. Limited (TSE:CTC.A) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Canadian Tire Co. Limited (TSE:CTC.A) have received an average rating of “Moderate Buy” from the eight ratings firms that are presently covering the firm, MarketBeat reports. Four analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is C$147.89.

CTC.A has been the subject of several recent analyst reports. Desjardins upped their target price on shares of Canadian Tire from C$165.00 to C$175.00 in a research note on Friday, August 9th. Royal Bank of Canada lifted their target price on shares of Canadian Tire from C$188.00 to C$192.00 in a report on Friday, November 8th. CIBC boosted their price objective on shares of Canadian Tire from C$160.00 to C$165.00 in a report on Friday, November 8th. Jefferies Financial Group boosted their price objective on shares of Canadian Tire from C$121.00 to C$126.00 in a research report on Friday, August 9th. Finally, TD Securities raised Canadian Tire from a “hold” rating to a “buy” rating and upped their target price for the stock from C$160.00 to C$175.00 in a report on Friday, August 9th.

Canadian Tire Stock Up 0.9 %

TSE CTC.A opened at C$152.95 on Monday. The firm has a 50-day simple moving average of C$156.61 and a 200 day simple moving average of C$146.87. The company has a debt-to-equity ratio of 173.58, a quick ratio of 1.15 and a current ratio of 1.79. The stock has a market cap of C$7.98 billion, a PE ratio of 22.33, a PEG ratio of 0.35 and a beta of 1.33. Canadian Tire has a twelve month low of C$126.25 and a twelve month high of C$163.00.

Canadian Tire Company Profile

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.