Canadian Tire Co. Limited (TSE:CTC.A) Given Average Recommendation of “Moderate Buy” by Analysts

Posted by Defense World Staff on Jan 7th, 2025

Canadian Tire Co. Limited (TSE:CTC.A – Get Free Report) has been assigned a consensus rating of “Moderate Buy” from the eight ratings firms that are covering the company, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is C$147.89.

CTC.A has been the subject of a number of analyst reports. Royal Bank of Canada increased their price target on shares of Canadian Tire from C$188.00 to C$192.00 in a report on Friday, November 8th. CIBC upped their target price on shares of Canadian Tire from C$160.00 to C$165.00 in a research note on Friday, November 8th.

Check Out Our Latest Analysis on Canadian Tire

Insider Activity

In related news, Director Steve Frazier purchased 350 shares of the company’s stock in a transaction dated Friday, December 13th. The shares were acquired at an average cost of C$152.56 per share, for a total transaction of C$53,397.68. Insiders own 1.90% of the company’s stock.

Canadian Tire Stock Performance

Shares of CTC.A opened at C$156.23 on Tuesday. The business’s fifty day simple moving average is C$152.98 and its two-hundred day simple moving average is C$150.53. Canadian Tire has a 12 month low of C$126.25 and a 12 month high of C$163.00. The company has a market cap of C$8.16 billion, a price-to-earnings ratio of 22.81, a P/E/G ratio of 0.35 and a beta of 1.33. 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 Company Profile

(Get Free Report

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.