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

Canadian Tire Co. Limited (TSE:CTC.A) has earned a consensus rating of “Moderate Buy” from the six research firms that are covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year target price among analysts that have covered the stock in the last year is C$149.40.

CTC.A has been the subject of several research reports. TD Securities lowered their price target on shares of Canadian Tire from C$182.00 to C$176.00 and set a “buy” rating for the company in a research report on Friday, February 14th. CIBC decreased their price target on shares of Canadian Tire from C$165.00 to C$156.00 in a report on Friday, February 14th. BMO Capital Markets raised shares of Canadian Tire from a “market perform” rating to an “outperform” rating and set a C$170.00 price target for the company in a report on Thursday, February 20th. Canaccord Genuity Group reduced their target price on shares of Canadian Tire from C$158.00 to C$153.00 in a report on Thursday, February 20th. Finally, Royal Bank of Canada raised their target price on shares of Canadian Tire from C$188.00 to C$192.00 in a report on Friday, November 8th.

Canadian Tire Price Performance

Canadian Tire stock opened at C$146.00 on Wednesday. The stock has a market cap of C$7.62 billion, a price-to-earnings ratio of 21.31, a price-to-earnings-growth ratio of 0.35 and a beta of 1.33. 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 1 year low of C$126.25 and a 1 year high of C$169.27. The firm has a 50-day moving average of C$155.66 and a two-hundred day moving average of C$155.03.

Insider Activity

In other news, Director Steve Frazier bought 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. 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.