Canadian Tire Co. Limited (TSE:CTC.A) Given Average Recommendation of “Hold” by Analysts

Canadian Tire Co. Limited (TSE:CTC.A) has received an average recommendation of “Hold” from the nine ratings firms that are covering the stock, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is C$204.00.

Several research firms have recently weighed in on CTC.A. Royal Bank Of Canada increased their price target on Canadian Tire from C$218.00 to C$230.00 and gave the company an “outperform” rating in a report on Sunday, August 16th. Desjardins lifted their price target on shares of Canadian Tire from C$200.00 to C$217.00 and gave the company a “buy” rating in a report on Tuesday, August 11th. BMO Capital Markets lowered their price objective on Canadian Tire from C$194.00 to C$185.00 and set a “market perform” rating on the stock in a research report on Friday, May 15th. Scotia upped their target price on shares of Canadian Tire from C$180.00 to C$200.00 and gave the stock a “sector perform” rating in a research report on Friday, August 14th. Finally, Stifel Nicolaus increased their price objective on shares of Canadian Tire from C$115.00 to C$220.00 and gave the company a “buy” rating in a report on Friday, August 14th.

Canadian Tire Trading Up 0.5%

Shares of CTC.A stock opened at C$199.58 on Friday. The company has a current ratio of 1.79, a quick ratio of 1.15 and a debt-to-equity ratio of 173.58. Canadian Tire has a 12-month low of C$159.20 and a 12-month high of C$208.08. The stock has a market capitalization of C$10.41 billion, a P/E ratio of 15.79, a P/E/G ratio of 0.35 and a beta of 1.04. The firm’s 50 day moving average is C$196.85 and its 200 day moving average is C$189.19.

About Canadian Tire

Canadian Tire Corporation, Limited (TSX: CTC.A, TSX: CTC, “CTC”) has been a proudly Canadian business since 1922. Guided by its brand purpose, “We are here to make life in Canada better,” CTC has built an expansive national retail presence, exceptional customer brand trust and one of Canada’s strongest workforces – employing, along with its local Dealers and franchisees, tens of thousands of Canadians. At its core are retail businesses, each designed to serve life’s pursuits: Canadian Tire, offering products spanning Living, Playing, Fixing, Automotive, and Seasonal & Gardening, bolstered by notable banners Party City and PartSource; Mark’s, a leading source for casual and industrial wear; SportChek, Hockey Experts, Sports Experts and Atmosphere, offering the best brands of active wear and gear; and Pro Hockey Life, a hockey specialty store catering to elite players.