Canadian Tire (TSE:CTC.A – Free Report) had its target price cut by National Bankshares from C$146.00 to C$144.00 in a research report released on Monday morning, BayStreet.CA reports. They currently have a sector perform rating on the stock.
Several other research firms have also issued reports on CTC.A. Royal Bank of Canada decreased their target price on Canadian Tire from C$199.00 to C$195.00 and set an outperform rating for the company in a research report on Friday, February 16th. BMO Capital Markets lowered Canadian Tire from an outperform rating to a market perform rating and decreased their target price for the stock from C$170.00 to C$150.00 in a research report on Tuesday, February 20th. Desjardins decreased their target price on Canadian Tire from C$170.00 to C$160.00 and set a buy rating for the company in a research report on Friday, February 16th. TD Securities decreased their target price on Canadian Tire from C$160.00 to C$155.00 and set a hold rating for the company in a research report on Friday, February 16th. Finally, CIBC decreased their target price on Canadian Tire from C$153.00 to C$150.00 and set a neutral rating for the company in a research report on Friday, February 16th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of Hold and an average target price of C$162.22.
Check Out Our Latest Report on CTC.A
Canadian Tire Price Performance
Insider Activity at Canadian Tire
In other news, Director Steve Frazier purchased 400 shares of Canadian Tire stock in a transaction on Wednesday, February 21st. The stock was purchased at an average price of C$103.73 per share, with a total value of C$41,490.00. 2.93% of the stock is 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.
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