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Canadian Tire (TSE:CTC.A - Get Rating) had its price target decreased by investment analysts at Scotiabank from C$258.00 to C$184.00 in a research report issued on Monday, BayStreet.CA reports. Scotiabank's price objective indicates a potential upside of 21.98% from the company's current price.
Other equities analysts have also issued reports about the company. Desjardins dropped their price objective on Canadian Tire from C$225.00 to C$215.00 in a research note on Friday, August 12th. National Bankshares dropped their price objective on Canadian Tire from C$215.00 to C$213.00 and set an "outperform" rating on the stock in a research note on Friday, August 12th. Royal Bank of Canada dropped their price objective on Canadian Tire from C$235.00 to C$234.00 and set an "outperform" rating on the stock in a research note on Friday, August 12th. Finally, CIBC dropped their price objective on Canadian Tire from C$222.00 to C$216.00 in a research note on Thursday, July 28th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of C$215.08.Canadian Tire Stock Up 2.6 %
Shares of TSE:CTC.A traded up C$3.80 on Monday, reaching C$150.85. The company had a trading volume of 85,862 shares, compared to its average volume of 223,043. Canadian Tire has a twelve month low of C$145.22 and a twelve month high of C$196.75. The stock has a 50-day moving average price of C$161.16 and a 200 day moving average price of C$170.00. The stock has a market capitalization of C$8.89 billion and a P/E ratio of 8.49. The company has a quick ratio of 1.23, a current ratio of 1.78 and a debt-to-equity ratio of 150.11. About Canadian Tire (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.Featured StoriesNear-Term Headwinds Send Nike To The Bargain Basement Archer Daniels Midland: Dividend Hero With 49 Years Of IncreasesWill Fully Autonomous Tractors Make Deere the Tesla of Farming? Magna International is Your Auto and EV One-Stop Shop Stock Is the Bond Market Signaling a Market Bottom?
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