Brokerages Set Canadian Tire Co. Limited (TSE:CTC.A) Target Price at C$176.00

Shares of Canadian Tire Co. Limited (TSE:CTC.A) have earned an average recommendation of “Buy” from the nine research firms that are presently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is C$175.67.

Several brokerages recently issued reports on CTC.A. Royal Bank of Canada cut their price objective on Canadian Tire from C$203.00 to C$197.00 and set an “outperform” rating for the company in a report on Monday, April 29th. CIBC cut their price objective on Canadian Tire from C$170.00 to C$167.00 in a report on Thursday. TD Securities cut their price objective on Canadian Tire from C$200.00 to C$195.00 and set a “buy” rating for the company in a report on Friday, May 10th. National Bank Financial set a C$166.00 price objective on Canadian Tire in a report on Friday, May 10th. Finally, BMO Capital Markets restated a “market perform” rating and set a C$158.00 target price on shares of Canadian Tire in a report on Thursday, June 20th.

Shares of TSE:CTC.A traded up C$0.04 during midday trading on Friday, hitting C$143.80. 130,876 shares of the stock were exchanged, compared to its average volume of 241,044. The company has a quick ratio of 1.19, a current ratio of 1.64 and a debt-to-equity ratio of 210.46. Canadian Tire has a 52-week low of C$133.56 and a 52-week high of C$183.93. The stock’s fifty day moving average is C$143.04. The company has a market cap of $11.22 billion and a P/E ratio of 13.47.

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.

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

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