Canadian Tire (TSE:CTC.A) Price Target Raised to C$201.00

Canadian Tire (TSE:CTC.A) had its price target upped by National Bankshares from C$197.00 to C$201.00 in a research report released on Monday,BayStreet.CA reports. They currently have a sector perform rating on the stock.

Other equities analysts have also recently issued research reports about the stock. CIBC increased their price objective on shares of Canadian Tire from C$181.00 to C$189.00 in a research report on Friday, November 7th. TD Securities increased their price target on Canadian Tire from C$183.00 to C$194.00 and gave the stock a “hold” rating in a report on Friday, November 7th. BMO Capital Markets boosted their price objective on Canadian Tire from C$175.00 to C$180.00 in a report on Monday, November 10th. Desjardins upped their target price on Canadian Tire from C$185.00 to C$190.00 in a research report on Friday, November 7th. Finally, Scotiabank lifted their price target on shares of Canadian Tire from C$150.00 to C$155.00 and gave the company an “underperform” rating in a research report on Friday, November 7th. One research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of C$178.25.

Canadian Tire Stock Down 0.1%

Shares of TSE CTC.A opened at C$172.84 on Monday. The firm has a market cap of C$9.23 billion, a PE ratio of 13.11, a P/E/G ratio of 0.35 and a beta of 1.05. Canadian Tire has a 12-month low of C$139.50 and a 12-month high of C$194.39. The company’s fifty day simple moving average is C$172.22 and its 200 day simple moving average is C$172.34. The company has a quick ratio of 1.15, a current ratio of 1.79 and a debt-to-equity ratio of 173.58.

About Canadian Tire

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. Party City, PartSource and Gas+ are key parts of the Canadian Tire network. The Retail segment also includes Mark’s, a leading source for casual and industrial wear; Pro Hockey Life, a hockey specialty store catering to elite players; and SportChek, Hockey Experts, Sports Experts and Atmosphere, which offer the best active wear brands.