Royal Bank of Canada Lowers Canadian Tire (TSE:CTC.A) Price Target to C$188.00

Canadian Tire (TSE:CTC.A) had its target price reduced by Royal Bank of Canada from C$190.00 to C$188.00 in a report released on Tuesday, BayStreet.CA reports. They currently have an outperform rating on the stock.

CTC.A has been the topic of several other reports. Desjardins raised their price target on shares of Canadian Tire from C$165.00 to C$175.00 in a research note on Friday, August 9th. National Bankshares boosted their price target on Canadian Tire from C$146.00 to C$158.00 in a research report on Friday, August 9th. CIBC increased their price objective on shares of Canadian Tire from C$153.00 to C$160.00 in a research report on Friday, August 9th. TD Securities upgraded Canadian Tire from a “hold” rating to a “buy” rating and raised their target price for the company from C$160.00 to C$175.00 in a report on Friday, August 9th. Finally, Jefferies Financial Group lifted their price target on shares of Canadian Tire from C$121.00 to C$126.00 in a research note on Friday, August 9th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of C$146.89.

Canadian Tire Stock Up 1.3 %

CTC.A stock opened at C$150.11 on Tuesday. The company’s 50 day simple moving average is C$157.18 and its 200-day simple moving average is C$145.53. The firm has a market capitalization of C$7.84 billion, a PE ratio of 21.91, a P/E/G ratio of 0.35 and a beta of 1.33. 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 has a 12 month low of C$126.25 and a 12 month high of C$163.00.

About Canadian Tire

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.