Canadian Tire (TSE:CTC.A) Stock Price Expected to Rise, National Bank Financial Analyst Says

Canadian Tire (TSE:CTC.A) had its price target boosted by stock analysts at National Bank Financial from C$201.00 to C$211.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. National Bank Financial’s price objective suggests a potential upside of 12.23% from the stock’s previous close.

A number of other analysts have also weighed in on CTC.A. TD Securities increased their price objective on shares of Canadian Tire from C$183.00 to C$194.00 and gave the stock a “hold” rating in a research note on Friday, November 7th. Scotiabank raised shares of Canadian Tire from an “underperform” rating to a “sector perform” rating and lifted their target price for the company from C$160.00 to C$180.00 in a report on Friday. BMO Capital Markets boosted their target price on shares of Canadian Tire from C$180.00 to C$194.00 and gave the stock a “market perform” rating in a research note on Friday. Canadian Imperial Bank of Commerce boosted their price target on shares of Canadian Tire from C$181.00 to C$189.00 in a research report on Friday, November 7th. Finally, Desjardins upped their price objective on shares of Canadian Tire from C$190.00 to C$203.00 and gave the stock a “buy” rating in a report on Friday. One analyst has rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of C$192.29.

Canadian Tire Stock Performance

Shares of TSE CTC.A traded up C$5.47 during mid-day trading on Friday, hitting C$188.00. The stock had a trading volume of 194,259 shares, compared to its average volume of 239,542. The firm has a market cap of C$10.04 billion, a PE ratio of 14.26, a PEG ratio of 0.35 and a beta of 0.90. The company has a debt-to-equity ratio of 173.58, a quick ratio of 1.15 and a current ratio of 1.79. The company has a 50 day moving average of C$174.97 and a two-hundred day moving average of C$171.13. Canadian Tire has a twelve month low of C$139.50 and a twelve month high of C$196.46.

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.