Canadian Tire (TSE:CTC.A) Given New C$205.00 Price Target at TD Securities

Canadian Tire (TSE:CTC.A) had its price target upped by investment analysts at TD Securities from C$194.00 to C$205.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The firm currently has a “hold” rating on the stock. TD Securities’ price target indicates a potential upside of 9.04% from the stock’s previous close.

Other equities research analysts also recently issued reports about the company. Scotiabank upgraded Canadian Tire from an “underperform” rating to a “sector perform” rating and upped their target price for the stock from C$160.00 to C$180.00 in a research report on Friday. BMO Capital Markets boosted their price target on shares of Canadian Tire from C$180.00 to C$194.00 and gave the stock a “market perform” rating in a research report on Friday. Desjardins raised their price objective on shares of Canadian Tire from C$190.00 to C$203.00 and gave the company a “buy” rating in a research report on Friday. Canadian Imperial Bank of Commerce boosted their target price on shares of Canadian Tire from C$181.00 to C$189.00 in a report on Friday, November 7th. Finally, National Bank Financial raised their target price on shares of Canadian Tire from C$201.00 to C$211.00 and gave the stock a “sector perform” rating in a report on Friday. One equities research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of C$192.29.

Canadian Tire Stock Performance

Shares of TSE:CTC.A traded up C$5.47 during trading on Friday, hitting C$188.00. 194,259 shares of the company traded hands, compared to its average volume of 239,542. 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 has a one year low of C$139.50 and a one year high of C$196.46. The business’s fifty day moving average is C$174.97 and its 200-day moving average is C$171.13. The stock has a market capitalization of C$10.04 billion, a price-to-earnings ratio of 14.26, a PEG ratio of 0.35 and a beta of 0.90.

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.