Canadian Tire Co. Limited (TSE:CTC.A) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Canadian Tire Co. Limited (TSE:CTC.A) have been given a consensus recommendation of “Moderate Buy” by the six analysts that are currently covering the company, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is C$152.40.

Several equities research analysts have recently issued reports on the company. Jefferies Financial Group reduced their price target on Canadian Tire from C$145.00 to C$140.00 in a report on Friday, March 7th. National Bankshares lifted their target price 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, March 7th. BMO Capital Markets upgraded shares of Canadian Tire from a “market perform” rating to an “outperform” rating and set a C$170.00 price target on the stock in a research note on Thursday, February 20th. 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. Finally, 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, February 14th.

Canadian Tire Stock Performance

CTC.A stock opened at C$147.90 on Friday. The firm has a 50 day simple moving average of C$152.58 and a 200 day simple moving average of C$154.37. Canadian Tire has a 52 week low of C$126.25 and a 52 week high of C$169.27. The stock has a market cap of C$7.72 billion, a P/E ratio of 21.59, a P/E/G ratio of 0.35 and a beta of 1.33. The company has a debt-to-equity ratio of 173.58, a quick ratio of 1.15 and a current ratio of 1.79.

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.