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

Canadian Tire (TSE:CTC.A) had its target price raised by stock analysts at National Bankshares from C$70.00 to C$174.00 in a research report issued on Friday,BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. National Bankshares’ price objective indicates a potential upside of 19.02% from the stock’s previous close.

A number of other analysts have also recently weighed in on the stock. Royal Bank of Canada boosted their target price on shares of Canadian Tire from C$188.00 to C$192.00 in a research note on Friday, November 8th. TD Securities decreased their target price on shares of Canadian Tire from C$182.00 to C$176.00 and set a “buy” rating on the stock in a research note 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 target price on the stock in a research note on Thursday, February 20th. Canaccord Genuity Group cut their price target on shares of Canadian Tire from C$158.00 to C$153.00 in a report on Thursday, February 20th. Finally, CIBC cut their price target on shares of Canadian Tire from C$165.00 to C$156.00 in a report on Friday, February 14th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$152.40.

Canadian Tire Stock Performance

TSE CTC.A opened at C$146.20 on Friday. The firm’s fifty day moving average price is C$154.25 and its two-hundred day moving average price is C$154.88. The stock has a market cap of C$7.63 billion, a PE ratio of 21.34, a PEG ratio of 0.35 and a beta of 1.33. Canadian Tire has a fifty-two week low of C$126.25 and a fifty-two week high of C$169.27. The company has a debt-to-equity ratio of 173.58, a quick ratio of 1.15 and a current ratio of 1.79.

Insider Activity at Canadian Tire

In other 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 company insiders.

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.