National Bankshares Forecasts Strong Price Appreciation for Canadian Tire (TSE:CTC.A) Stock

Canadian Tire (TSE:CTC.A) had its price target upped by National Bankshares from C$197.00 to C$201.00 in a research report issued on Monday,BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. National Bankshares’ price target points to a potential upside of 15.36% from the stock’s previous close.

Several other equities research analysts have also recently commented on CTC.A. Desjardins boosted their price target on shares of Canadian Tire from C$185.00 to C$190.00 in a research report on Friday, November 7th. CIBC upped their target price on shares of Canadian Tire from C$181.00 to C$189.00 in a report on Friday, November 7th. TD Securities lifted their target price on shares of Canadian Tire from C$183.00 to C$194.00 and gave the stock a “hold” rating in a report on Friday, November 7th. BMO Capital Markets boosted their price target on Canadian Tire from C$175.00 to C$180.00 in a research note on Monday, November 10th. Finally, Scotiabank increased their price objective on Canadian Tire from C$150.00 to C$155.00 and gave the stock an “underperform” rating in a research report on Friday, November 7th. One research analyst has rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of C$178.25.

Canadian Tire Stock Down 1.0%

CTC.A stock traded down C$1.68 during mid-day trading on Monday, hitting C$174.24. 35,400 shares of the company were exchanged, compared to its average volume of 212,450. The company has a debt-to-equity ratio of 173.58, a quick ratio of 1.15 and a current ratio of 1.79. Canadian Tire has a 1-year low of C$139.50 and a 1-year high of C$194.39. The firm’s 50 day simple moving average is C$172.07 and its 200 day simple moving average is C$172.56. The firm has a market cap of C$9.31 billion, a P/E ratio of 13.22, a P/E/G ratio of 0.35 and a beta of 1.05.

Canadian Tire Company Profile

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.