Canadian Tire (TSE:CTC.A) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

Canadian Tire (TSE:CTC.A) had its target price raised by equities research analysts at BMO Capital Markets from C$152.00 to C$170.00 in a report issued on Thursday,BayStreet.CA reports. BMO Capital Markets’ price target would indicate a potential upside of 2.47% from the stock’s current price.

A number of other research analysts also recently issued reports on the stock. Royal Bank of Canada upped their target price on shares of Canadian Tire from C$188.00 to C$192.00 in a research report on Friday, November 8th. CIBC raised their price objective on shares of Canadian Tire from C$160.00 to C$165.00 in a research note on Friday, November 8th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Canadian Tire has an average rating of “Moderate Buy” and an average target price of C$149.89.

Canadian Tire Price Performance

TSE:CTC.A traded up C$1.08 during mid-day trading on Thursday, reaching C$165.90. 38,319 shares of the company were exchanged, compared to its average volume of 261,259. 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 stock has a market cap of C$8.66 billion, a PE ratio of 24.22, a PEG ratio of 0.35 and a beta of 1.33. Canadian Tire has a 12 month low of C$126.25 and a 12 month high of C$169.27. The company has a fifty day moving average of C$156.44 and a 200 day moving average of C$153.60.

Insider Buying and Selling at Canadian Tire

In other news, Director Steve Frazier purchased 350 shares of the company’s stock in a transaction on Friday, December 13th. The shares were purchased at an average price of C$152.56 per share, with a total value of C$53,397.68. 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.