Brokerages Set Canadian Tire Co. Limited (TSE:CTC.A) PT at C$177.75

Shares of Canadian Tire Co. Limited (TSE:CTC.A) have been given an average rating of “Hold” by the six brokerages that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is C$177.75.

A number of brokerages have recently issued reports on CTC.A. National Bankshares increased their price objective on shares of Canadian Tire from C$185.00 to C$197.00 and gave the company a “sector perform” rating in a research note on Friday, November 7th. CIBC increased their price target on shares of Canadian Tire from C$181.00 to C$189.00 in a research report on Friday, November 7th. Scotiabank lifted their price objective on Canadian Tire from C$150.00 to C$155.00 and gave the company an “underperform” rating in a report on Friday, November 7th. BMO Capital Markets upped their price target on Canadian Tire from C$175.00 to C$180.00 in a research report on Monday, November 10th. Finally, TD Securities lifted their price objective on Canadian Tire from C$183.00 to C$194.00 and gave the company a “hold” rating in a report on Friday, November 7th.

Canadian Tire Stock Down 1.2%

Canadian Tire stock opened at C$174.65 on Friday. The firm’s fifty day simple moving average is C$171.80 and its 200-day simple moving average is C$172.91. The company has a current ratio of 1.79, a quick ratio of 1.15 and a debt-to-equity ratio of 173.58. Canadian Tire has a 1-year low of C$139.50 and a 1-year high of C$194.39. The company has a market capitalization of C$9.33 billion, a P/E ratio of 13.25, a P/E/G ratio of 0.35 and a beta of 1.05.

About Canadian Tire

Canadian Tire Corporation, Limited, (TSX: CTC.A) (TSX: CTC) or ‘CTC’, is a group of companies that includes a Retail segment, a Financial Services division and CT REIT. Our retail business is led by Canadian Tire, which was founded in 1922 and provides Canadians with products for life in Canada across its Living, Playing, Fixing, Automotive and Seasonal & Gardening divisions. Party City, PartSource and Gas+ are key parts of the Canadian Tire network. The Retail segment also includes Mark’s, a leading source for casual and industrial wear; Pro Hockey Life, a hockey specialty store catering to elite players; and SportChek, Hockey Experts, Sports Experts and Atmosphere, which offer the best active wear brands.