Stifel Nicolaus Reiterates C$235.00 Price Target for Canadian Tire (TSE:CTC.A)

Canadian Tire (TSE:CTC.A) received a C$235.00 price target from stock analysts at Stifel Nicolaus in a report released on Friday, BayStreet reports. The brokerage currently has a “buy” rating on the stock. Stifel Nicolaus‘s price objective would suggest a potential upside of 6.58% from the stock’s previous close.

A number of other research firms have also recently weighed in on CTC.A. Desjardins set a C$235.00 price target on Canadian Tire and gave the stock a “buy” rating in a report on Friday. National Bank Financial dropped their price objective on Canadian Tire from C$210.00 to C$209.00 and set a “sector perform” rating on the stock in a report on Friday, August 14th. Scotia boosted their price objective on Canadian Tire from C$200.00 to C$225.00 and gave the company a “sector perform” rating in a research report on Friday. Royal Bank Of Canada upped their target price on Canadian Tire from C$218.00 to C$230.00 and gave the stock an “outperform” rating in a research note on Sunday, August 16th. Finally, Jefferies Financial Group increased their target price on Canadian Tire from C$179.00 to C$199.00 in a research report on Friday, August 14th. Three analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of C$215.90.

Canadian Tire Price Performance

Shares of CTC.A stock traded up C$0.73 during mid-day trading on Friday, hitting C$220.50. 76,831 shares of the stock were exchanged, compared to its average volume of 222,312. Canadian Tire has a 52-week low of C$164.48 and a 52-week high of C$222.71. The company has a quick ratio of 1.15, a current ratio of 1.79 and a debt-to-equity ratio of 173.58. The company has a market cap of C$11.50 billion, a PE ratio of 17.44, a price-to-earnings-growth ratio of 0.35 and a beta of 0.66. The firm has a fifty day moving average of C$196.30 and a 200 day moving average of C$190.67.

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.