Brokerages Set Canadian Tire Co. Limited (TSE:CTC.A) Target Price at C$147.11

Canadian Tire Co. Limited (TSE:CTC.A) has been assigned a consensus rating of “Moderate Buy” from the eight research firms that are presently covering the company, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is C$147.11.

A number of research firms have recently weighed in on CTC.A. Jefferies Financial Group boosted their target price on Canadian Tire from C$121.00 to C$126.00 in a research note on Friday, August 9th. Desjardins increased their price objective on Canadian Tire from C$165.00 to C$175.00 in a research note on Friday, August 9th. CIBC raised their target price on shares of Canadian Tire from C$153.00 to C$160.00 in a report on Friday, August 9th. Canaccord Genuity Group lowered their price target on shares of Canadian Tire from C$40.00 to C$37.00 and set a “hold” rating for the company in a report on Monday, May 6th. Finally, Royal Bank of Canada cut their price target on shares of Canadian Tire from C$195.00 to C$190.00 in a report on Friday, May 10th.

Canadian Tire Stock Performance

TSE CTC.A opened at C$149.17 on Friday. The company has a 50-day simple moving average of C$139.87 and a two-hundred day simple moving average of C$138.09. Canadian Tire has a 12-month low of C$126.25 and a 12-month high of C$161.42. The firm has a market cap of C$7.79 billion, a price-to-earnings ratio of 29.72, a PEG ratio of 0.35 and a beta of 1.33. The company has a quick ratio of 1.15, a current ratio of 1.76 and a debt-to-equity ratio of 186.00.

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.