Jefferies Financial Group Lowers Canadian Tire (TSE:CTC.A) Price Target to C$140.00

Canadian Tire (TSE:CTC.A) had its price objective cut by equities researchers at Jefferies Financial Group from C$145.00 to C$140.00 in a research note issued on Friday,BayStreet.CA reports. Jefferies Financial Group’s target price would indicate a potential downside of 4.24% from the company’s current price.

Several other analysts also recently weighed in on the stock. CIBC lowered their price target on shares of Canadian Tire from C$165.00 to C$156.00 in a research note on Friday, February 14th. Canaccord Genuity Group lowered their price objective on shares of Canadian Tire from C$158.00 to C$153.00 in a research note on Thursday, February 20th. Royal Bank of Canada upped their price objective on shares of Canadian Tire from C$188.00 to C$192.00 in a research note on Friday, November 8th. National Bankshares upped their price objective on shares of Canadian Tire from C$70.00 to C$174.00 and gave the company a “sector perform” rating in a research note on Friday. Finally, TD Securities lowered 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 research note on Friday, February 14th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of C$152.40.

Canadian Tire Stock Performance

Canadian Tire stock opened at C$146.20 on Friday. The company has a quick ratio of 1.15, a current ratio of 1.79 and a debt-to-equity ratio of 173.58. The company has a market capitalization of C$7.63 billion, a PE ratio of 21.34, a P/E/G ratio of 0.35 and a beta of 1.33. The firm has a fifty day simple moving average of C$154.25 and a two-hundred day simple moving average of C$154.88. Canadian Tire has a twelve month low of C$126.25 and a twelve month high of C$169.27.

Insider Activity at Canadian Tire

In other Canadian Tire news, Director Steve Frazier acquired 350 shares of the business’s stock in a transaction 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 corporate 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.