Canadian Tire Co. Limited (TSE:CTC.A) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Canadian Tire Co. Limited (TSE:CTC.A) have been assigned a consensus rating of “Moderate Buy” from the eight ratings firms that are currently covering the firm, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month target price among analysts that have covered the stock in the last year is C$150.67.

CTC.A has been the topic of several recent research reports. CIBC lifted their target price on shares of Canadian Tire from C$160.00 to C$165.00 in a research report on Friday, November 8th. BMO Capital Markets lifted their price objective on Canadian Tire from C$152.00 to C$170.00 in a report on Thursday, January 30th. Royal Bank of Canada increased their target price on Canadian Tire from C$188.00 to C$192.00 in a report on Friday, November 8th. Finally, TD Securities raised their target price on Canadian Tire from C$175.00 to C$182.00 and gave the stock a “buy” rating in a research report on Thursday, January 30th.

Canadian Tire Stock Down 1.3 %

CTC.A opened at C$155.57 on Friday. The company has a market capitalization of C$8.12 billion, a P/E ratio of 22.71, a P/E/G ratio of 0.35 and a beta of 1.33. The company has a debt-to-equity ratio of 173.58, a current ratio of 1.79 and a quick ratio of 1.15. The firm’s fifty day moving average price is C$157.58 and its two-hundred day moving average price is C$154.61. Canadian Tire has a fifty-two week low of C$126.25 and a fifty-two week high of C$169.27.

Insider Transactions at Canadian Tire

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