Analysts Set Canadian Tire Co. Limited (TSE:CTC.A) Target Price at C$171.25

Shares of Canadian Tire Co. Limited (TSE:CTC.A) have been assigned a consensus rating of “Moderate Buy” from the six research firms that are currently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is C$171.25.

Several research analysts have weighed in on CTC.A shares. National Bankshares raised their price objective on shares of Canadian Tire from C$70.00 to C$174.00 and gave the stock a “sector perform” rating in a report on Friday, March 7th. Jefferies Financial Group raised their price objective on shares of Canadian Tire from C$140.00 to C$164.00 in a report on Friday, May 9th. CIBC decreased their price objective on shares of Canadian Tire from C$165.00 to C$156.00 in a report on Friday, February 14th. TD Securities raised their price objective on shares of Canadian Tire from C$170.00 to C$181.00 and gave the stock a “buy” rating in a report on Friday, May 9th. Finally, Desjardins raised their price objective on shares of Canadian Tire from C$170.00 to C$175.00 and gave the stock a “buy” rating in a report on Friday, May 9th.

Canadian Tire Price Performance

CTC.A opened at C$177.28 on Friday. The company has a fifty day simple moving average of C$158.13 and a 200 day simple moving average of C$154.73. The firm has a market cap of C$9.25 billion, a price-to-earnings ratio of 25.88, a PEG ratio of 0.35 and a beta of 1.33. Canadian Tire has a twelve month low of C$132.74 and a twelve month high of C$179.37. The company has a current ratio of 1.79, a quick ratio of 1.15 and a debt-to-equity ratio of 173.58.

Insider Transactions at Canadian Tire

In other Canadian Tire news, Director Steve Frazier purchased 450 shares of Canadian Tire stock in a transaction dated Monday, June 9th. The shares were bought at an average cost of C$178.77 per share, for a total transaction of C$80,447.09. Insiders own 1.90% of the company’s stock.

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.