CIBC Issues Positive Forecast for Canadian Tire (TSE:CTC.A) Stock Price

Canadian Tire (TSE:CTC.A) had its price target raised by CIBC from C$181.00 to C$189.00 in a research report report published on Friday,BayStreet.CA reports.

CTC.A has been the subject of a number of other research reports. TD Securities reduced their price objective on shares of Canadian Tire from C$184.00 to C$183.00 and set a “hold” rating for the company in a research note on Wednesday, October 8th. BMO Capital Markets downgraded Canadian Tire from an “outperform” rating to a “market perform” rating and cut their price target for the company from C$191.00 to C$175.00 in a report on Friday, August 8th. Scotiabank boosted their price target on Canadian Tire from C$150.00 to C$155.00 and gave the stock an “underperform” rating in a research report on Friday. National Bankshares raised their price objective on Canadian Tire from C$185.00 to C$197.00 and gave the company a “sector perform” rating in a research report on Friday. Finally, Desjardins lifted their target price on Canadian Tire from C$185.00 to C$190.00 in a research note on Friday. One analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Canadian Tire currently has an average rating of “Hold” and a consensus target price of C$177.13.

Canadian Tire Stock Up 1.0%

Shares of TSE:CTC.A traded up C$1.65 during trading hours on Friday, hitting C$171.99. The company’s stock had a trading volume of 271,423 shares, compared to its average volume of 296,822. The firm’s fifty day moving average price is C$168.61 and its 200 day moving average price is C$171.95. Canadian Tire has a 52 week low of C$139.50 and a 52 week high of C$194.39. The company has a market capitalization of C$9.30 billion, a price-to-earnings ratio of 12.57, a P/E/G ratio of 0.35 and a beta of 1.01. The company has a debt-to-equity ratio of 173.58, a current ratio of 1.79 and a quick ratio of 1.15.

Canadian Tire Company Profile

Canadian Tire Corporation, Limited, (TSX: CTC.A) (TSX: CTC) or ‘CTC’, is a group of companies that includes a Retail segment, a Financial Services division and CT REIT. Our retail business is led by Canadian Tire, which was founded in 1922 and provides Canadians with products for life in Canada across its Living, Playing, Fixing, Automotive and Seasonal & Gardening divisions.