Canadian Tire (TSE:CTC.A) Given New C$160.00 Price Target at Canaccord Genuity Group

Canadian Tire (TSE:CTC.A) had its price objective upped by Canaccord Genuity Group from C$157.00 to C$160.00 in a report published on Monday morning,BayStreet.CA reports. The brokerage currently has a hold rating on the stock.

A number of other research analysts have also issued reports on the stock. TD Securities upped their target price on shares of Canadian Tire from C$175.00 to C$182.00 and gave the company a “buy” rating in a report on Thursday, January 30th. CIBC upped their target price on shares of Canadian Tire from C$160.00 to C$165.00 in a report on Friday, November 8th. BMO Capital Markets upped their target price on shares of Canadian Tire from C$152.00 to C$170.00 in a report on Thursday, January 30th. Finally, Royal Bank of Canada upped their target price on shares of Canadian Tire from C$188.00 to C$192.00 in a report on Friday, November 8th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of C$151.60.

Canadian Tire Price Performance

Canadian Tire stock opened at C$157.45 on Monday. Canadian Tire has a 52 week low of C$126.25 and a 52 week high of C$169.27. 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 firm’s 50-day simple moving average is C$157.64 and its 200 day simple moving average is C$154.73. The firm has a market capitalization of C$8.22 billion, a PE ratio of 22.99, a P/E/G ratio of 0.35 and a beta of 1.33.

Insider Buying and Selling at Canadian Tire

In other Canadian Tire news, Director Steve Frazier bought 350 shares of Canadian Tire stock in a transaction dated Friday, December 13th. The stock was bought at an average cost 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.

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.