Canadian Tire Co. Limited (TSE:CTC.A) Stock Has Consensus Price Target of C$204.00

Canadian Tire Co. Limited (TSE:CTC.A) has been given a consensus recommendation of “Hold” by the nine analysts that are currently covering the stock, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price target among brokers that have covered the stock in the last year is C$204.00.

A number of research firms have issued reports on CTC.A. Jefferies Financial Group boosted their price objective on shares of Canadian Tire from C$179.00 to C$199.00 in a report on Friday, August 14th. Stifel Nicolaus lifted their price objective on shares of Canadian Tire from C$115.00 to C$220.00 and gave the company a “buy” rating in a research note on Friday, August 14th. Desjardins increased their price objective on Canadian Tire from C$200.00 to C$217.00 and gave the stock a “buy” rating in a research note on Tuesday, August 11th. Royal Bank Of Canada increased their price target on Canadian Tire from C$218.00 to C$230.00 and gave the stock an “outperform” rating in a research note on Sunday, August 16th. Finally, Scotia raised their price target on Canadian Tire from C$180.00 to C$200.00 and gave the company a “sector perform” rating in a report on Friday, August 14th.

Canadian Tire Price Performance

TSE:CTC.A opened at C$209.44 on Thursday. The company has a market cap of C$10.92 billion, a P/E ratio of 16.57, a P/E/G ratio of 0.35 and a beta of 0.75. The stock’s 50-day simple moving average is C$194.02 and its 200 day simple moving average is C$189.69. Canadian Tire has a 52-week low of C$160.22 and a 52-week high of C$211.00. The company has a debt-to-equity ratio of 173.58, a quick ratio of 1.15 and a current ratio of 1.79.

About Canadian Tire

Canadian Tire Corporation, Limited (TSX: CTC.A, TSX: CTC, “CTC”) has been a proudly Canadian business since 1922. Guided by its brand purpose, “We are here to make life in Canada better,” CTC has built an expansive national retail presence, exceptional customer brand trust and one of Canada’s strongest workforces – employing, along with its local Dealers and franchisees, tens of thousands of Canadians. At its core are retail businesses, each designed to serve life’s pursuits: Canadian Tire, offering products spanning Living, Playing, Fixing, Automotive, and Seasonal & Gardening, bolstered by notable banners Party City and PartSource; Mark’s, a leading source for casual and industrial wear; SportChek, Hockey Experts, Sports Experts and Atmosphere, offering the best brands of active wear and gear; and Pro Hockey Life, a hockey specialty store catering to elite players.