Weekly Investment Analysts’ Ratings Changes for Canadian Tire (CTC.A)

Canadian Tire (TSE: CTC.A) recently received a number of ratings updates from brokerages and research firms:

• 5/10/2024 – Canadian Tire had its price target raised by analysts at BMO Capital Markets from C$150.00 to C$152.00.
• 5/10/2024 – Canadian Tire had its price target raised by analysts at CIBC from C$150.00 to C$153.00.
• 5/10/2024 – Canadian Tire had its price target raised by analysts at Desjardins from C$160.00 to C$165.00.
• 5/10/2024 – Canadian Tire had its price target raised by analysts at National Bankshares, Inc. from C$144.00 to C$149.00.
• 5/10/2024 – Canadian Tire had its price target lowered by analysts at Royal Bank of Canada from C$195.00 to C$190.00.
• 5/10/2024 – Canadian Tire had its price target raised by analysts at Scotiabank from C$150.00 to C$151.00.
• 5/10/2024 – Canadian Tire had its price target raised by analysts at TD Securities from C$153.00 to C$160.00.
• 5/6/2024 – Canadian Tire had its price target lowered by analysts at Canaccord Genuity Group Inc. from C$40.00 to C$37.00. They now have a “hold” rating on the stock.
• 4/29/2024 – Canadian Tire had its price target lowered by analysts at National Bankshares, Inc. from C$146.00 to C$144.00. They now have a “sector perform” rating on the stock.

Canadian Tire Price Performance

CTC.A stock opened at C$141.37 on Thursday. The firm has a market cap of C$7.38 billion, a price-to-earnings ratio of 28.11, a PEG ratio of 0.35 and a beta of 1.37. The company has a quick ratio of 1.15, a current ratio of 1.76 and a debt-to-equity ratio of 186.00. Canadian Tire Co. Limited has a 12-month low of C$126.25 and a 12-month high of C$189.82. The company’s fifty day simple moving average is C$135.21 and its 200 day simple moving average is C$139.49.

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.