TD Securities Issues Pessimistic Forecast for Canadian Tire (TSE:CTC.A) Stock Price

Canadian Tire (TSE:CTC.A) had its price target lowered by equities research analysts at TD Securities from C$182.00 to C$176.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. TD Securities’ price target indicates a potential upside of 23.26% from the company’s current price.

CTC.A has been the topic of a number of other reports. Canaccord Genuity Group increased their price objective on Canadian Tire from C$157.00 to C$160.00 and gave the company a “hold” rating in a research report on Monday. Royal Bank of Canada increased their price target on Canadian Tire from C$188.00 to C$192.00 in a research note on Friday, November 8th. BMO Capital Markets increased their price target on Canadian Tire from C$152.00 to C$170.00 in a research note on Thursday, January 30th. Finally, CIBC increased their price target on Canadian Tire from C$160.00 to C$165.00 in a research note on Friday, November 8th. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of C$148.60.

Canadian Tire Price Performance

TSE CTC.A traded down C$2.32 during trading hours on Friday, reaching C$142.79. 123,931 shares of the company’s stock were exchanged, compared to its average volume of 329,576. The stock has a market cap of C$7.45 billion, a PE ratio of 20.85, a price-to-earnings-growth ratio of 0.35 and a beta of 1.33. Canadian Tire has a one year low of C$126.25 and a one year high of C$169.27. The firm has a fifty day moving average of C$157.49 and a 200-day moving average of C$154.96. The company has a current ratio of 1.79, a quick ratio of 1.15 and a debt-to-equity ratio of 173.58.

Insider Activity

In other news, Director Steve Frazier acquired 350 shares of the stock in a transaction on Friday, December 13th. The stock was acquired at an average cost of C$152.56 per share, for a total transaction of C$53,397.68. 1.90% of the stock is owned by company insiders.

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.