Canadian Tire (TSE:CTC.A) Price Target Raised to C$174.00

Canadian Tire (TSE:CTC.A) had its target price hoisted by National Bankshares from C$70.00 to C$174.00 in a research report report published on Friday,BayStreet.CA reports. National Bankshares currently has a sector perform rating on the stock.

Several other analysts also recently weighed in on CTC.A. TD Securities decreased their target price on Canadian Tire from C$182.00 to C$176.00 and set a “buy” rating for the company in a research report on Friday, February 14th. Canaccord Genuity Group decreased their price objective on Canadian Tire from C$158.00 to C$153.00 in a report on Thursday, February 20th. Royal Bank of Canada lifted their price objective on Canadian Tire from C$188.00 to C$192.00 in a report on Friday, November 8th. BMO Capital Markets upgraded Canadian Tire from a “market perform” rating to an “outperform” rating and set a C$170.00 price objective for the company in a report on Thursday, February 20th. Finally, CIBC decreased their price objective on Canadian Tire from C$165.00 to C$156.00 in a report on Friday, February 14th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of C$152.40.

Canadian Tire Stock Up 1.3 %

TSE:CTC.A opened at C$146.20 on Friday. Canadian Tire has a twelve month low of C$126.25 and a twelve month high of C$169.27. The company has a market cap of C$7.63 billion, a price-to-earnings ratio of 21.34, a price-to-earnings-growth ratio of 0.35 and a beta of 1.33. The stock has a fifty day simple moving average of C$154.25 and a 200-day simple moving average of C$154.88. The company has a current ratio of 1.79, a quick ratio of 1.15 and a debt-to-equity ratio of 173.58.

Insider Buying and Selling at Canadian Tire

In other news, Director Steve Frazier acquired 350 shares of Canadian Tire stock in a transaction that occurred on Friday, December 13th. The stock was purchased at an average cost of C$152.56 per share, with a total value of C$53,397.68. 1.90% of the stock is currently 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.