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

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

A number of research analysts have commented on the stock. Royal Bank of Canada increased their price target on shares of Canadian Tire from C$188.00 to C$192.00 in a research report on Friday, November 8th. 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.

Insider Buying and Selling at Canadian Tire

In other Canadian Tire news, Director Steve Frazier bought 350 shares of Canadian Tire stock in a transaction dated Friday, December 13th. The shares were 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 Price Performance

Shares of TSE CTC.A opened at C$160.93 on Tuesday. The stock’s 50-day simple moving average is C$153.53 and its two-hundred day simple moving average is C$151.29. The firm has a market capitalization of C$8.40 billion, a P/E ratio of 23.49, 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. Canadian Tire has a twelve month low of C$126.25 and a twelve month high of C$163.00.

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.