Canadian Tire (TSE:CTC.A) Stock Price Expected to Rise, TD Securities Analyst Says

Canadian Tire (TSE:CTC.A) had its price objective raised by TD Securities from C$175.00 to C$182.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. TD Securities’ price objective suggests a potential upside of 11.23% from the company’s previous close.

A number of other equities research analysts also recently issued reports on the stock. Royal Bank of Canada boosted their price objective on shares of Canadian Tire from C$188.00 to C$192.00 in a research report on Friday, November 8th. CIBC boosted their price target on Canadian Tire from C$160.00 to C$165.00 in a report on Friday, November 8th. Finally, BMO Capital Markets raised their price objective on Canadian Tire from C$152.00 to C$170.00 in a research note on Thursday. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$150.67.

Canadian Tire Stock Performance

CTC.A opened at C$163.62 on Thursday. The company’s 50 day moving average is C$156.99 and its 200 day moving average is C$153.97. The company has a current ratio of 1.79, a quick ratio of 1.15 and a debt-to-equity ratio of 173.58. The company has a market cap of C$8.54 billion, a price-to-earnings ratio of 23.89, a PEG ratio of 0.35 and a beta of 1.33. Canadian Tire has a 12-month low of C$126.25 and a 12-month high of C$169.27.

Insider Buying and Selling

In related news, Director Steve Frazier acquired 350 shares of Canadian Tire 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. 1.90% of the stock is currently owned by company insiders.

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.