Canadian Tire (TSE:CTC.A) Price Target Raised to C$230.00

Canadian Tire (TSE:CTC.A) had its price objective upped by Royal Bank Of Canada from C$218.00 to C$230.00 in a report issued on Sunday morning,BayStreet.CA reports. They currently have an outperform rating on the stock.

CTC.A has been the topic of several other research reports. Stifel Nicolaus lifted their target price on Canadian Tire from C$115.00 to C$220.00 and gave the company a “buy” rating in a research report on Friday, August 14th. TD increased their price target on Canadian Tire from C$200.00 to C$210.00 and gave the company a “hold” rating in a research report on Wednesday, July 15th. National Bank Financial dropped their price objective on Canadian Tire from C$210.00 to C$209.00 and set a “sector perform” rating on the stock in a research note on Friday, August 14th. BMO Capital Markets cut their price objective on shares of Canadian Tire from C$194.00 to C$185.00 and set a “market perform” rating on the stock in a report on Friday, May 15th. Finally, 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 note on Friday, August 14th. Three equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of C$204.00.

Canadian Tire Stock Performance

Shares of Canadian Tire stock opened at C$200.71 on Friday. The company has a market cap of C$10.47 billion, a PE ratio of 15.88, a price-to-earnings-growth ratio of 0.35 and a beta of 1.04. Canadian Tire has a 52 week low of C$159.20 and a 52 week high of C$208.08. The business has a 50 day moving average price of C$195.88 and a 200-day moving average price of C$188.68. 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 Company Profile

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.