Canadian Tire (TSE:CTC.A) Given New C$165.00 Price Target at CIBC

Canadian Tire (TSE:CTC.A) had its price objective lifted by CIBC from C$160.00 to C$165.00 in a report released on Friday,BayStreet.CA reports. CIBC’s target price would indicate a potential upside of 6.96% from the company’s previous close.

CTC.A has been the topic of several other reports. TD Securities raised Canadian Tire from a “hold” rating to a “buy” rating and raised their target price for the stock from C$160.00 to C$175.00 in a research note on Friday, August 9th. National Bankshares raised their target price on Canadian Tire from C$146.00 to C$158.00 in a research note on Friday, August 9th. Desjardins raised their target price on Canadian Tire from C$165.00 to C$175.00 in a research note on Friday, August 9th. Jefferies Financial Group lifted their price objective on Canadian Tire from C$121.00 to C$126.00 in a research report on Friday, August 9th. Finally, Royal Bank of Canada boosted their price objective on shares of Canadian Tire from C$188.00 to C$192.00 in a report on Friday. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of C$147.89.

Canadian Tire Trading Up 1.1 %

Shares of TSE:CTC.A traded up C$1.61 on Friday, reaching C$154.27. 40,543 shares of the company traded hands, compared to its average volume of 233,495. The business’s 50-day simple moving average is C$156.80 and its 200 day simple moving average is C$146.16. Canadian Tire has a 52 week low of C$126.25 and a 52 week high of C$163.00. The stock has a market capitalization of C$8.05 billion, a P/E ratio of 22.52, a price-to-earnings-growth ratio of 0.35 and a beta of 1.33. The company has a current ratio of 1.79, a quick ratio of 1.15 and a debt-to-equity ratio of 173.58.

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.