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

Shares of Canadian Tire Co. Limited (TSE:CTC.A) have earned a consensus rating of “Moderate Buy” from the eight analysts that are currently covering the firm, MarketBeat reports. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is C$150.67.

Several equities research analysts have recently commented on CTC.A shares. BMO Capital Markets boosted their price target on shares of Canadian Tire from C$152.00 to C$170.00 in a report on Thursday. Royal Bank of Canada upped their target price on Canadian Tire from C$188.00 to C$192.00 in a report on Friday, November 8th. TD Securities lifted their price target on Canadian Tire from C$175.00 to C$182.00 and gave the company a “buy” rating in a report on Thursday. Finally, CIBC boosted their price target on Canadian Tire from C$160.00 to C$165.00 in a research report on Friday, November 8th.

Insider Transactions at Canadian Tire

In other Canadian Tire news, Director Steve Frazier acquired 350 shares of the company’s stock in a transaction on Friday, December 13th. The shares were bought at an average cost of C$152.56 per share, with a total value of C$53,397.68. Company insiders own 1.90% of the company’s stock.

Canadian Tire Price Performance

Shares of CTC.A stock opened at C$163.62 on Friday. The company’s 50-day simple moving average is C$156.99 and its two-hundred day simple moving average is C$153.97. The company has a debt-to-equity ratio of 173.58, a current ratio of 1.79 and a quick ratio of 1.15. Canadian Tire has a one year low of C$126.25 and a one year high of C$169.27. The company has a market capitalization of C$8.54 billion, a P/E ratio of 23.89, a P/E/G ratio of 0.35 and a beta of 1.33.

About Canadian Tire

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.