Canadian Tire Co. Limited (TSE:CTC.A) Receives C$147.89 Average PT from Analysts

Shares of Canadian Tire Co. Limited (TSE:CTC.A) have been assigned an average recommendation of “Moderate Buy” from the eight brokerages that are currently covering the stock, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is C$147.89.

A number of brokerages have recently commented on CTC.A. CIBC lifted their target price on shares of Canadian Tire from C$160.00 to C$165.00 in a report on Friday, November 8th. Royal Bank of Canada lifted their price objective on shares of Canadian Tire from C$188.00 to C$192.00 in a research note on Friday, November 8th.

Canadian Tire Trading Down 0.5 %

TSE:CTC.A opened at C$157.29 on Tuesday. The company has a market capitalization of C$8.21 billion, a PE ratio of 22.96, a P/E/G ratio of 0.35 and a beta of 1.33. Canadian Tire has a 52-week low of C$126.25 and a 52-week high of C$163.00. The stock’s 50 day moving average price is C$153.32 and its 200 day moving average price is C$151.23. The company has a quick ratio of 1.15, a current ratio of 1.79 and a debt-to-equity ratio of 173.58.

Insider Buying and Selling at Canadian Tire

In related news, Director Steve Frazier acquired 350 shares of the firm’s stock in a transaction that occurred 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. 1.90% of the stock is owned by corporate 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.