Brokerages Set Canadian Tire Co. Limited (TSE:CTC.A) Target Price at C$149.40

Shares of Canadian Tire Co. Limited (TSE:CTC.A) have earned a consensus recommendation of “Moderate Buy” from the six brokerages that are covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is C$149.40.

Several equities research analysts have issued reports on the stock. Canaccord Genuity Group lowered their price objective on shares of Canadian Tire from C$158.00 to C$153.00 in a research report on Thursday, February 20th. TD Securities dropped their price objective on Canadian Tire from C$182.00 to C$176.00 and set a “buy” rating on the stock in a research note on Friday, February 14th. CIBC reduced their price objective on Canadian Tire from C$165.00 to C$156.00 in a report on Friday, February 14th. Royal Bank of Canada upped their target price on Canadian Tire from C$188.00 to C$192.00 in a report on Friday, November 8th. Finally, BMO Capital Markets upgraded Canadian Tire from a “market perform” rating to an “outperform” rating and set a C$170.00 price target on the stock in a research note on Thursday, February 20th.

Insiders Place Their Bets

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

Canadian Tire Price Performance

Shares of CTC.A stock opened at C$142.06 on Wednesday. The stock has a 50 day moving average price of C$154.91 and a 200 day moving average price of C$155.02. Canadian Tire has a 52-week low of C$126.25 and a 52-week high of C$169.27. The company has a debt-to-equity ratio of 173.58, a quick ratio of 1.15 and a current ratio of 1.79. The firm has a market capitalization of C$7.42 billion, a P/E ratio of 20.74, a P/E/G ratio of 0.35 and a beta of 1.33.

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.