Canadian Tire (TSE:CTC.A) Price Target Cut to C$37.00 by Analysts at Canaccord Genuity Group

Canadian Tire (TSE:CTC.A) had its price target lowered by Canaccord Genuity Group from C$40.00 to C$37.00 in a research note issued to investors on Monday morning, BayStreet.CA reports. The firm currently has a hold rating on the stock.

Other research analysts also recently issued research reports about the stock. CIBC cut their price target on shares of Canadian Tire from C$153.00 to C$150.00 and set a neutral rating on the stock in a report on Friday, February 16th. Scotiabank decreased their price target on shares of Canadian Tire from C$158.00 to C$150.00 and set an outperform rating on the stock in a research report on Friday, February 16th. Desjardins decreased their price target on shares of Canadian Tire from C$170.00 to C$160.00 and set a buy rating on the stock in a research report on Friday, February 16th. National Bankshares decreased their price target on shares of Canadian Tire from C$146.00 to C$144.00 and set a sector perform rating on the stock in a research report on Monday, April 29th. Finally, Royal Bank of Canada decreased their price target on shares of Canadian Tire from C$199.00 to C$195.00 and set an outperform rating on the stock in a research report on Friday, February 16th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of Hold and a consensus price target of C$142.63.

Canadian Tire Stock Up 6.9 %

CTC.A stock opened at C$145.65 on Monday. Canadian Tire has a 12-month low of C$126.25 and a 12-month high of C$189.82. The company has a quick ratio of 1.15, a current ratio of 1.77 and a debt-to-equity ratio of 180.91. The company has a market cap of C$7.60 billion, a price-to-earnings ratio of 38.53, a PEG ratio of 2.10 and a beta of 1.37. The company has a 50 day moving average of C$133.92 and a two-hundred day moving average of C$139.11.

Insider Activity at Canadian Tire

In other news, Director Steve Frazier acquired 400 shares of the firm’s stock in a transaction that occurred on Wednesday, February 21st. The stock was purchased at an average price of C$103.73 per share, for a total transaction of C$41,490.00. 2.93% 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.