TD Securities Lowers Canadian Tire (TSE:CTC.A) Price Target to C$170.00

Canadian Tire (TSE:CTC.A) had its price target lowered by analysts at TD Securities from C$176.00 to C$170.00 in a research note issued on Monday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. TD Securities’ price objective indicates a potential upside of 12.32% from the company’s current price.

Other analysts have also issued research reports about the company. Canaccord Genuity Group lowered their target price on Canadian Tire from C$158.00 to C$153.00 in a report on Thursday, February 20th. CIBC lowered their target price on shares of Canadian Tire from C$165.00 to C$156.00 in a research note on Friday, February 14th. BMO Capital Markets raised Canadian Tire from a “market perform” rating to an “outperform” rating and set a C$170.00 target price on the stock in a research report on Thursday, February 20th. National Bankshares boosted their price target on Canadian Tire from C$70.00 to C$174.00 and gave the stock a “sector perform” rating in a research report on Friday, March 7th. Finally, Jefferies Financial Group decreased their price target on shares of Canadian Tire from C$145.00 to C$140.00 in a research report on Friday, March 7th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of C$151.80.

Canadian Tire Stock Performance

TSE CTC.A traded up C$0.02 during trading hours on Monday, hitting C$151.35. 92,324 shares of the stock were exchanged, compared to its average volume of 330,023. Canadian Tire has a 12-month low of C$130.74 and a 12-month high of C$169.27. The stock has a 50-day moving average of C$146.42 and a 200 day moving average of C$152.45. The company has a market cap of C$7.90 billion, a price-to-earnings ratio of 22.09, a price-to-earnings-growth ratio of 0.35 and a beta of 1.33. The company has a quick ratio of 1.15, a current ratio of 1.79 and a debt-to-equity ratio of 173.58.

Canadian Tire Company Profile

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.