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

Shares of Canadian Tire Co. Limited (TSE:CTC.A) have earned a consensus recommendation of “Hold” from the nine research firms that are currently covering the stock, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is C$204.00.

Several equities analysts recently weighed in on CTC.A shares. Stifel Nicolaus raised 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 research report on Friday, August 14th. Royal Bank Of Canada boosted their target price on shares of Canadian Tire from C$218.00 to C$230.00 and gave the stock an “outperform” rating in a research report on Sunday, August 16th. Scotia increased their price target 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. TD raised their price target on shares of Canadian Tire from C$200.00 to C$210.00 and gave the company a “hold” rating in a report on Wednesday, July 15th. Finally, Jefferies Financial Group lifted their price objective on shares of Canadian Tire from C$179.00 to C$199.00 in a research note on Friday, August 14th.

Canadian Tire Stock Performance

Shares of TSE CTC.A opened at C$187.01 on Wednesday. The stock has a market cap of C$9.75 billion, a price-to-earnings ratio of 14.80, a PEG ratio of 0.35 and a beta of 0.87. The business has a 50 day simple moving average of C$196.37 and a 200 day simple moving average of C$190.27. Canadian Tire has a 52 week low of C$159.20 and a 52 week high of C$208.08. The company has a debt-to-equity ratio of 173.58, a quick ratio of 1.15 and a current ratio of 1.79.

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.