Canadian Tire Co. Limited (TSE:CTC.A) Receives C$147.89 Consensus Price Target from Analysts

Shares of Canadian Tire Co. Limited (TSE:CTC.A) have earned an average recommendation of “Moderate Buy” from the eight research firms that are currently covering the stock, MarketBeat reports. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is C$147.89.

CTC.A has been the topic of a number of recent analyst reports. Royal Bank of Canada boosted their target price on Canadian Tire from C$188.00 to C$192.00 in a report on Friday, November 8th. CIBC upped their price objective on shares of Canadian Tire from C$160.00 to C$165.00 in a report on Friday, November 8th.

Canadian Tire Stock Down 1.1 %

CTC.A stock opened at C$153.00 on Friday. Canadian Tire has a twelve month low of C$126.25 and a twelve month high of C$163.00. The company has a market cap of C$7.99 billion, a price-to-earnings ratio of 22.34, a P/E/G ratio of 0.35 and a beta of 1.33. 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 business has a 50 day moving average price of C$154.78 and a two-hundred day moving average price of C$148.85.

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.