Analysts Set Canadian Tire Co. Limited (CTC.A) Target Price at $191.55

Shares of Canadian Tire Co. Limited (TSE:CTC.A) have received a consensus recommendation of “Buy” from the eleven brokerages that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is C$191.55.

Several equities research analysts recently weighed in on the company. Barclays upped their price target on Canadian Tire from C$180.00 to C$187.00 in a research note on Monday, February 19th. TD Securities upped their price target on Canadian Tire from C$200.00 to C$205.00 and gave the stock a “buy” rating in a research note on Friday, February 16th. National Bank Financial upped their price target on Canadian Tire from C$181.00 to C$187.00 and gave the stock an “outperform” rating in a research note on Friday, February 16th. Scotiabank upped their price target on Canadian Tire from C$176.00 to C$184.00 and gave the stock a “sector perform” rating in a research note on Friday, February 16th. Finally, BMO Capital Markets upped their price target on Canadian Tire from C$182.00 to C$194.00 in a research note on Friday, February 16th.

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Canadian Tire (CTC.A) traded down C$0.31 during trading on Wednesday, reaching C$172.55. The company’s stock had a trading volume of 242,292 shares, compared to its average volume of 241,044. Canadian Tire has a twelve month low of C$140.60 and a twelve month high of C$180.21. The company has a market capitalization of $11,720.00, a P/E ratio of 16.07 and a beta of 0.68.

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About Canadian Tire

Canadian Tire Corporation, Limited is a Canada-based company, which operates through a range of businesses. The Company’s segments include Retail, CT REIT and Financial Services. Its retail segment operates through its retail banners, including Canadian Tire, PartSource, Petroleum, Mark’s, and the various FGL Sports banners.

Analyst Recommendations for Canadian Tire (TSE:CTC.A)

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