Canadian Tire Co. Limited (TSE:CTC.A) Stock Has Average Price Target of C$204.00

Canadian Tire Co. Limited (TSE:CTC.A) has been assigned an average recommendation of “Hold” from the nine brokerages that are covering the company, MarketBeat reports. Six analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is C$204.00.

Several research analysts recently commented on the company. National Bank Financial reduced their price objective on Canadian Tire from C$210.00 to C$209.00 and set a “sector perform” rating for the company in a research note on Friday, August 14th. Royal Bank Of Canada increased their target price on shares of Canadian Tire from C$218.00 to C$230.00 and gave the company an “outperform” rating in a research report on Sunday, August 16th. TD raised their target price on shares of Canadian Tire from C$200.00 to C$210.00 and gave the stock a “hold” rating in a research note on Wednesday, July 15th. Stifel Nicolaus raised their target price on shares of Canadian Tire from C$115.00 to C$220.00 and gave the stock a “buy” rating in a research note on Friday, August 14th. Finally, Scotia boosted their target price on Canadian Tire from C$180.00 to C$200.00 and gave the stock a “sector perform” rating in a report on Friday, August 14th.

Canadian Tire Price Performance

Shares of Canadian Tire stock opened at C$192.44 on Friday. The stock has a market capitalization of C$10.04 billion, a P/E ratio of 15.22, a PEG ratio of 0.35 and a beta of 0.75. The business has a 50 day simple moving average of C$193.34 and a two-hundred day simple moving average of C$190.29. Canadian Tire has a 12 month low of C$159.20 and a 12 month high of C$208.08. The company has a debt-to-equity ratio of 173.58, a current ratio of 1.79 and a quick ratio of 1.15.

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.