Canadian Tire (TSE:CTC.A) Given New C$220.00 Price Target at Royal Bank Of Canada

Canadian Tire (TSE:CTC.A) had its price target hoisted by Royal Bank Of Canada from C$211.00 to C$220.00 in a report released on Thursday morning,BayStreet.CA reports. Royal Bank Of Canada currently has an outperform rating on the stock.

CTC.A has been the topic of several other reports. Desjardins increased their price target on shares of Canadian Tire from C$190.00 to C$203.00 and gave the company a “buy” rating in a research note on Friday, February 20th. BMO Capital Markets increased their price target on shares of Canadian Tire from C$180.00 to C$194.00 and gave the company a “market perform” rating in a research note on Friday, February 20th. Scotiabank raised shares of Canadian Tire from an “underperform” rating to a “sector perform” rating and increased their price target for the company from C$160.00 to C$180.00 in a research note on Friday, February 20th. National Bank Financial increased their price target on shares of Canadian Tire from C$201.00 to C$211.00 and gave the company a “sector perform” rating in a research note on Friday, February 20th. Finally, TD Securities increased their price target on shares of Canadian Tire from C$194.00 to C$205.00 and gave the company a “hold” rating in a research note on Friday, February 20th. Two analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of C$195.75.

Canadian Tire Stock Performance

TSE CTC.A opened at C$191.26 on Thursday. The firm has a market cap of C$10.08 billion, a price-to-earnings ratio of 19.78, a PEG ratio of 0.35 and a beta of 1.17. The company has a 50 day moving average of C$189.92 and a 200-day moving average of C$178.94. 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$156.95 and a 1-year high of C$202.46.

Canadian Tire (TSE:CTC.A) last posted its quarterly earnings data on Thursday, February 19th. The company reported C$4.47 earnings per share for the quarter. The company had revenue of C$4.55 billion during the quarter. Canadian Tire had a net margin of 2.33% and a return on equity of 7.45%. On average, equities analysts forecast that Canadian Tire will post 13.638961 earnings per share for the current fiscal year.

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.