Canadian Tire Co. Limited (TSE:CTC.A) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Canadian Tire Co. Limited (TSE:CTC.A) have been assigned a consensus rating of “Moderate Buy” from the six analysts that are covering the firm, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is C$152.40.

A number of equities research analysts recently commented on the stock. BMO Capital Markets upgraded shares of Canadian Tire from a “market perform” rating to an “outperform” rating and set a C$170.00 price objective on the stock in a report on Thursday, February 20th. Jefferies Financial Group cut their price target on Canadian Tire from C$145.00 to C$140.00 in a report on Friday, March 7th. TD Securities decreased their price objective on Canadian Tire from C$182.00 to C$176.00 and set a “buy” rating for the company in a report on Friday, February 14th. CIBC cut their target price on Canadian Tire from C$165.00 to C$156.00 in a research note on Friday, February 14th. Finally, National Bankshares raised their price target on shares of Canadian Tire from C$70.00 to C$174.00 and gave the stock a “sector perform” rating in a research note on Friday, March 7th.

Canadian Tire Price Performance

TSE CTC.A opened at C$149.41 on Friday. The company has a debt-to-equity ratio of 173.58, a quick ratio of 1.15 and a current ratio of 1.79. The stock has a market cap of C$7.80 billion, a price-to-earnings ratio of 21.81, a PEG ratio of 0.35 and a beta of 1.33. The business has a 50 day simple moving average of C$151.62 and a 200 day simple moving average of C$154.25. Canadian Tire has a 52-week low of C$126.25 and a 52-week high of C$169.27.

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.