Posted by admin on Jul 30th, 2022
Canadian Tire (TSE:CTC.A – Get Rating) had its target price dropped by analysts at CIBC from C$222.00 to C$216.00 in a note issued to investors on Thursday, BayStreet.CA reports. CIBC’s price target suggests a potential upside of 31.30% from the stock’s previous close.
CTC.A has been the subject of a number of other reports. Canaccord Genuity Group upgraded Canadian Tire to a “buy” rating and set a C$208.00 price objective for the company in a report on Friday, May 13th. Royal Bank of Canada lowered their target price on Canadian Tire from C$260.00 to C$235.00 and set an “outperform” rating for the company in a research note on Wednesday. BMO Capital Markets lowered their target price on Canadian Tire from C$187.00 to C$184.00 in a research note on Friday, May 13th. Finally, National Bankshares boosted their target price on Canadian Tire from C$212.00 to C$222.00 and gave the company an “outperform” rating in a research note on Monday, May 16th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, Canadian Tire presently has a consensus rating of “Moderate Buy” and a consensus price target of C$224.09.
CTC.A opened at C$164.51 on Thursday. The stock has a 50-day moving average price of C$167.00 and a 200-day moving average price of C$177.24. Canadian Tire has a 12-month low of C$159.15 and a 12-month high of C$206.97. The company has a current ratio of 1.82, a quick ratio of 1.33 and a debt-to-equity ratio of 161.39. The stock has a market capitalization of C$9.80 billion and a P/E ratio of 8.58.
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.
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