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Canadian Tire Co. Limited (TSE:CTC.A - Get Rating) has earned an average recommendation of "Moderate Buy" from the twelve ratings firms that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is C$222.50.
A number of research firms recently commented on CTC.A. Royal Bank of Canada lowered their target price on shares of Canadian Tire from C$235.00 to C$234.00 and set an "outperform" rating for the company in a research note on Friday, August 12th. CIBC lowered their target price on shares of Canadian Tire from C$222.00 to C$216.00 in a research note on Thursday, July 28th. National Bankshares lowered their target price on shares of Canadian Tire from C$215.00 to C$213.00 and set an "outperform" rating for the company in a research note on Friday, August 12th. Finally, Desjardins decreased their price objective on shares of Canadian Tire from C$225.00 to C$215.00 in a research note on Friday, August 12th.Canadian Tire Trading Up 0.1 %
TSE CTC.A opened at C$155.01 on Thursday. The company has a debt-to-equity ratio of 150.11, a quick ratio of 1.23 and a current ratio of 1.78. The company has a market capitalization of C$9.14 billion and a price-to-earnings ratio of 8.74. The company's 50-day simple moving average is C$163.87 and its two-hundred day simple moving average is C$171.67. Canadian Tire has a one year low of C$150.25 and a one year high of C$196.75. Canadian Tire Company Profile (Get Rating)
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.Further ReadingThe Worst May be Over for Target, But is the Stock Safe to Buy?Are These Liquid Natural Gas Stocks Ready For An Upside Bounce?Two Fun Stocks The Insiders Are Buying Novavax Remains a Risk-On Stock in a Risk-Off MarketGeneral Mills: Superior Returns With Less Volatility
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