TD Securities Has Lowered Expectations for Canadian Tire (TSE:CTC.A) Stock Price

Canadian Tire (TSE:CTC.A) had its price objective lowered by equities research analysts at TD Securities from C$182.00 to C$176.00 in a research note issued on Friday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. TD Securities’ price objective would indicate a potential upside of 22.23% from the stock’s previous close.

CTC.A has been the subject of several other research reports. Canaccord Genuity Group lifted their price objective on 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. CIBC boosted their target price on Canadian Tire from C$160.00 to C$165.00 in a research report on Friday, November 8th. Royal Bank of Canada boosted their target price on Canadian Tire from C$188.00 to C$192.00 in a research report on Friday, November 8th. Finally, BMO Capital Markets boosted their target price on Canadian Tire from C$152.00 to C$170.00 in a research report on Thursday, January 30th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Canadian Tire currently has an average rating of “Hold” and a consensus price target of C$148.60.

Canadian Tire Price Performance

Shares of CTC.A stock opened at C$143.99 on Friday. The stock’s fifty day simple moving average is C$157.29 and its 200 day simple moving average is C$155.04. The company has a debt-to-equity ratio of 173.58, a current ratio of 1.79 and a quick ratio of 1.15. The firm has a market cap of C$7.52 billion, a price-to-earnings ratio of 21.02, a P/E/G ratio of 0.35 and a beta of 1.33. Canadian Tire has a one year low of C$126.25 and a one year high of C$169.27.

Insider Transactions at Canadian Tire

In related news, Director Steve Frazier bought 350 shares of the company’s stock in a transaction that occurred on Friday, December 13th. The shares were acquired at an average price of C$152.56 per share, for a total transaction of C$53,397.68. 1.90% of the stock is owned by 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.