Canadian Tire Co. Limited (CTC.A.TO) – What Are Brokerages Thinking About This Stock?

Canadian Tire Co. Limited (TSE:CTC.A) has been given an average rating of “Hold” by the nine research firms that are presently covering the firm, Marketbeat Ratings reports. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is C$204.00.

Several research firms recently commented on CTC.A. Jefferies Financial Group lifted their target price on shares of Canadian Tire from C$179.00 to C$199.00 in a research report on Friday, August 14th. TD upped 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 research report on Wednesday, July 15th. Royal Bank Of Canada raised their price target on shares of Canadian Tire from C$218.00 to C$230.00 and gave the company an “outperform” rating in a research note on Sunday, August 16th. Desjardins raised their price target on shares of Canadian Tire from C$200.00 to C$217.00 and gave the company a “buy” rating in a research note on Tuesday, August 11th. Finally, Scotia lifted 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 report on Friday, August 14th.

Canadian Tire Stock Performance

Canadian Tire stock opened at C$202.43 on Thursday. The business has a 50 day moving average of C$193.28 and a 200-day moving average of C$189.00. The company has a market capitalization of C$10.56 billion, a P/E ratio of 16.02, a P/E/G ratio of 0.35 and a beta of 0.75. Canadian Tire has a 1 year low of C$159.20 and a 1 year high of C$209.10. 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.