BMO Capital Markets Lowers Canadian Tire (TSE:CTC.A) Price Target to C$155.00

Canadian Tire (TSE:CTC.A) had its price target reduced by equities research analysts at BMO Capital Markets from C$170.00 to C$155.00 in a research note issued on Friday,BayStreet.CA reports. BMO Capital Markets’ target price would indicate a potential upside of 7.65% from the company’s current price.

Several other equities analysts have also weighed in on CTC.A. Canaccord Genuity Group increased their price target on shares of Canadian Tire from C$157.00 to C$160.00 and gave the company a “hold” rating in a research report on Monday, February 10th. Royal Bank of Canada raised their price objective on shares of Canadian Tire from C$188.00 to C$192.00 in a report on Friday, November 8th. TD Securities decreased their price objective on shares of Canadian Tire from C$182.00 to C$176.00 and set a “buy” rating for the company in a report on Friday. Finally, CIBC raised their price objective on shares of Canadian Tire from C$160.00 to C$165.00 in a report on Friday, November 8th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Canadian Tire presently has a consensus rating of “Hold” and an average target price of C$148.60.

Canadian Tire Stock Down 0.8 %

CTC.A stock opened at C$143.99 on Friday. Canadian Tire has a 1-year low of C$126.25 and a 1-year high of C$169.27. The stock has a market cap of C$7.52 billion, a P/E ratio of 21.02, a P/E/G ratio of 0.35 and a beta of 1.33. The stock’s fifty day simple moving average is C$157.29 and its two-hundred day simple moving average is C$155.04. The company has a current ratio of 1.79, a quick ratio of 1.15 and a debt-to-equity ratio of 173.58.

Insiders Place Their Bets

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

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.