Canadian Tire (TSE:CTC.A) Price Target Lowered to C$155.00 at BMO Capital Markets

Canadian Tire (TSE:CTC.A) had its price target decreased by analysts at BMO Capital Markets from C$170.00 to C$155.00 in a research note issued to investors on Friday,BayStreet.CA reports. BMO Capital Markets’ target price would indicate a potential upside of 8.55% from the company’s previous close.

Several other equities research analysts also recently weighed in on the company. Royal Bank of Canada upped their target price on Canadian Tire from C$188.00 to C$192.00 in a research report on Friday, November 8th. TD Securities decreased their target price on Canadian Tire from C$182.00 to C$176.00 and set a “buy” rating for the company in a research report on Friday. CIBC increased their price target on Canadian Tire from C$160.00 to C$165.00 in a report on Friday, November 8th. Finally, Canaccord Genuity Group increased their price target on Canadian Tire from C$157.00 to C$160.00 and gave the company a “hold” rating in a report on Monday. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Canadian Tire currently has an average rating of “Hold” and a consensus target price of C$148.60.

Canadian Tire Trading Down 1.6 %

TSE:CTC.A traded down C$2.32 on Friday, hitting C$142.79. 123,931 shares of the stock were exchanged, compared to its average volume of 329,576. The stock has a market cap of C$7.45 billion, a PE ratio of 20.85, a PEG 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. The stock has a fifty day moving average of C$157.49 and a 200-day moving average of C$154.96. Canadian Tire has a fifty-two week low of C$126.25 and a fifty-two week high of C$169.27.

Insiders Place Their Bets

In related news, Director Steve Frazier purchased 350 shares of the company’s stock in a transaction dated Friday, December 13th. The shares were acquired at an average cost of C$152.56 per share, for a total transaction of C$53,397.68. 1.90% of the stock is currently owned by company insiders.

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.