TD Securities Increases Canadian Tire (TSE:CTC.A) Price Target to C$194.00

Canadian Tire (TSE:CTC.A) had its target price raised by research analysts at TD Securities from C$183.00 to C$194.00 in a report issued on Friday,BayStreet.CA reports. The brokerage currently has a “hold” rating on the stock. TD Securities’ price objective suggests a potential upside of 12.80% from the stock’s previous close.

CTC.A has been the topic of a number of other research reports. Scotiabank increased 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. CIBC increased their target price on Canadian Tire from C$181.00 to C$189.00 in a research report on Friday. National Bankshares boosted their price target on shares of Canadian Tire from C$185.00 to C$197.00 and gave the stock a “sector perform” rating in a report on Friday. Desjardins upped their price objective on shares of Canadian Tire from C$185.00 to C$190.00 in a research report on Friday. Finally, BMO Capital Markets downgraded shares of Canadian Tire from an “outperform” rating to a “market perform” rating and decreased their price objective for the company from C$191.00 to C$175.00 in a report on Friday, August 8th. 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 stock. Based on data from MarketBeat.com, Canadian Tire currently has a consensus rating of “Hold” and an average price target of C$178.78.

Canadian Tire Price Performance

Shares of CTC.A stock traded up C$1.65 during mid-day trading on Friday, hitting C$171.99. 271,423 shares of the stock were exchanged, compared to its average volume of 296,822. Canadian Tire has a 52-week low of C$139.50 and a 52-week high of C$194.39. The company has a quick ratio of 1.15, a current ratio of 1.79 and a debt-to-equity ratio of 173.58. The company has a market cap of C$9.30 billion, a PE ratio of 12.57, a price-to-earnings-growth ratio of 0.35 and a beta of 1.01. The firm has a fifty day moving average of C$168.59 and a 200 day moving average of C$171.78.

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.