Canadian Tire Co. Limited (TSE:CTC.A) Receives Average Rating of “Moderate Buy” from Brokerages

Canadian Tire Co. Limited (TSE:CTC.A) has been given a consensus recommendation of “Moderate Buy” by the eight ratings firms that are presently covering the firm, MarketBeat Ratings reports. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is C$147.89.

CTC.A has been the topic of several research reports. TD Securities raised Canadian Tire from a “hold” rating to a “buy” rating and raised their target price for the stock from C$160.00 to C$175.00 in a research report on Friday, August 9th. National Bankshares raised their price objective on Canadian Tire from C$146.00 to C$158.00 in a research note on Friday, August 9th. Royal Bank of Canada raised their price objective on Canadian Tire from C$188.00 to C$192.00 in a research note on Friday, November 8th. Desjardins raised their price objective on Canadian Tire from C$165.00 to C$175.00 in a research note on Friday, August 9th. Finally, Jefferies Financial Group raised their price objective on Canadian Tire from C$121.00 to C$126.00 in a research note on Friday, August 9th.

Canadian Tire Price Performance

Shares of TSE:CTC.A opened at C$150.16 on Monday. Canadian Tire has a 1-year low of C$126.25 and a 1-year high of C$163.00. The company has a debt-to-equity ratio of 173.58, a current ratio of 1.79 and a quick ratio of 1.15. The business has a fifty day moving average price of C$156.12 and a 200-day moving average price of C$147.50. The company has a market capitalization of C$7.84 billion, a PE ratio of 21.92, a PEG ratio of 0.35 and a beta of 1.33.

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.