Canadian Tire (TSE:CTC.A) Given New C$160.00 Price Target at Canaccord Genuity Group

Canadian Tire (TSE:CTC.A) had its price objective upped by Canaccord Genuity Group from C$157.00 to C$160.00 in a report released on Monday,BayStreet.CA reports. The firm presently has a “hold” rating on the stock. Canaccord Genuity Group’s price objective suggests a potential upside of 1.45% from the stock’s current price.

CTC.A has been the subject of several other reports. TD Securities boosted 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. Royal Bank of Canada increased their target price on shares of Canadian Tire from C$188.00 to C$192.00 in a report on Friday, November 8th. BMO Capital Markets lifted their price target on Canadian Tire from C$152.00 to C$170.00 in a research note on Thursday, January 30th. Finally, CIBC increased their price objective on Canadian Tire from C$160.00 to C$165.00 in a research note on Friday, November 8th. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, Canadian Tire has a consensus rating of “Hold” and a consensus target price of C$151.60.

Canadian Tire Stock Performance

Shares of TSE CTC.A traded up C$2.14 during mid-day trading on Monday, hitting C$157.71. The company had a trading volume of 87,612 shares, compared to its average volume of 308,046. The company has a current ratio of 1.79, a quick ratio of 1.15 and a debt-to-equity ratio of 173.58. Canadian Tire has a 1 year low of C$126.25 and a 1 year high of C$169.27. The company has a market capitalization of C$8.23 billion, a price-to-earnings ratio of 23.02, a P/E/G ratio of 0.35 and a beta of 1.33. The stock’s 50-day moving average price is C$157.58 and its 200-day moving average price is C$154.71.

Insider Buying and Selling

In other Canadian Tire news, Director Steve Frazier purchased 350 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The stock was bought 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 insiders.

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.