Analysts Set Canadian Tire Co. Limited (TSE:CTC.A) Price Target at C$147.89

Shares of Canadian Tire Co. Limited (TSE:CTC.A) have been assigned an average recommendation of “Moderate Buy” from the eight brokerages that are covering the company, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is C$147.89.

Several research firms have recently weighed in on CTC.A. Royal Bank of Canada lifted their target price on Canadian Tire from C$188.00 to C$192.00 in a research report on Friday, November 8th. CIBC lifted their price objective on shares of Canadian Tire from C$160.00 to C$165.00 in a report on Friday, November 8th.

Insider Activity

In other news, Director Steve Frazier purchased 350 shares of the firm’s stock in a transaction on Friday, December 13th. The stock was acquired at an average cost of C$152.56 per share, with a total value of C$53,397.68. Insiders own 1.90% of the company’s stock.

Canadian Tire Trading Down 0.8 %

Shares of TSE CTC.A opened at C$151.31 on Friday. Canadian Tire has a fifty-two week low of C$126.25 and a fifty-two week high of C$163.00. The company has a debt-to-equity ratio of 173.58, a quick ratio of 1.15 and a current ratio of 1.79. The company has a market cap of C$7.90 billion, a price-to-earnings ratio of 22.09, a PEG ratio of 0.35 and a beta of 1.33. The business’s 50 day moving average price is C$154.33 and its 200-day moving average price is C$149.27.

Canadian Tire Company Profile

Canadian Tire Corporation, Limited provides a range of retail goods and services in Canada. The company operates through three segments: Retail, CT REIT, and Financial Services. The Retail segment retails general merchandise, apparel, footwear, sporting equipment, gasoline, sporting goods and active wear, and workwear under the Canadian Tire, SportChek, Sports Experts, National Sports, Pro Hockey Life, Atmosphere, Mark's, PartSource, Gas+, and Helly Hansen banners.