Canadian Tire (TSE:CTC.A) Given New C$155.00 Price Target at BMO Capital Markets

Canadian Tire (TSE:CTC.A) had its price target decreased by BMO Capital Markets from C$170.00 to C$155.00 in a research report sent to investors on Friday,BayStreet.CA reports.

Other equities analysts have also recently issued research reports about the stock. Canaccord Genuity Group raised their price target on shares of Canadian Tire from C$157.00 to C$160.00 and gave the company a “hold” rating in a research report on Monday, February 10th. Royal Bank of Canada boosted their target price on Canadian Tire from C$188.00 to C$192.00 in a research note on Friday, November 8th. CIBC upped their price target on Canadian Tire from C$160.00 to C$165.00 in a report on Friday, November 8th. Finally, TD Securities decreased their price objective on Canadian Tire from C$182.00 to C$176.00 and set a “buy” rating for the company in a research note on Friday. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Canadian Tire currently has an average rating of “Hold” and a consensus target price of C$148.60.

Canadian Tire Stock Down 0.8 %

Shares of CTC.A opened at C$143.99 on Friday. The company has a debt-to-equity ratio of 173.58, a quick ratio of 1.15 and a current ratio of 1.79. The stock has a market capitalization of C$7.52 billion, a PE ratio of 21.02, a P/E/G ratio of 0.35 and a beta of 1.33. The company’s 50-day simple moving average is C$157.29 and its 200-day simple moving average is C$154.96. Canadian Tire has a 1 year low of C$126.25 and a 1 year high of C$169.27.

Insider Activity at Canadian Tire

In other news, Director Steve Frazier bought 350 shares of the business’s stock in a transaction dated Friday, December 13th. The shares were acquired at an average price of C$152.56 per share, for a total transaction of C$53,397.68. 1.90% of the stock is currently owned by corporate 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.