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

Canadian Tire Co. Limited (TSE:CTC.A) has earned an average rating of “Moderate Buy” from the eight analysts that are covering the firm, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is C$147.89.

Several analysts have recently commented on the stock. CIBC increased their target price on shares of Canadian Tire from C$160.00 to C$165.00 in a report on Friday, November 8th. Royal Bank of Canada increased their price objective on shares of Canadian Tire from C$188.00 to C$192.00 in a research note on Friday, November 8th.

Insider Activity

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

Canadian Tire Stock Up 0.8 %

Shares of TSE CTC.A opened at C$158.10 on Tuesday. The company has a debt-to-equity ratio of 173.58, a current ratio of 1.79 and a quick ratio of 1.15. Canadian Tire has a 1 year low of C$126.25 and a 1 year high of C$163.00. The stock has a market capitalization of C$8.25 billion, a P/E ratio of 23.08, a P/E/G ratio of 0.35 and a beta of 1.33. The company has a 50-day moving average price of C$153.13 and a 200-day moving average price of C$150.97.

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.