Canadian Tire (TSE:CTC.A) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

Canadian Tire (TSE:CTC.A) had its target price raised by BMO Capital Markets from C$152.00 to C$170.00 in a research note issued to investors on Thursday,BayStreet.CA reports. BMO Capital Markets’ target price would indicate a potential upside of 3.90% from the stock’s current price.

Other analysts also recently issued reports about the company. Royal Bank of Canada upped their price objective on Canadian Tire from C$188.00 to C$192.00 in a research note on Friday, November 8th. CIBC upped their price target on Canadian Tire from C$160.00 to C$165.00 in a research note on Friday, November 8th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$150.67.

Canadian Tire Trading Down 1.4 %

TSE CTC.A opened at C$163.62 on Thursday. Canadian Tire has a one year low of C$126.25 and a one year high of C$169.27. The firm has a market cap of C$8.54 billion, a PE ratio of 23.89, a P/E/G ratio of 0.35 and a beta of 1.33. The firm’s fifty day moving average is C$156.99 and its two-hundred day moving average is C$153.97. 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

In other Canadian Tire news, Director Steve Frazier acquired 350 shares of the business’s stock in a transaction on Friday, December 13th. The stock was purchased at an average price of C$152.56 per share, for a total transaction of C$53,397.68. Insiders own 1.90% of the company’s stock.

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.