Canadian Tire (TSE:CTC.A) Stock Gets Price Target Boost from National Bank Financial

Canadian Tire (TSE:CTC.A) had its target price hoisted by equities research analysts at National Bank Financial from C$214.00 to C$235.00 in a report issued on Friday, BayStreet reports. The firm presently has a “sector perform” rating on the stock. National Bank Financial‘s price objective would suggest a potential upside of 6.58% from the company’s current price.

CTC.A has been the topic of several other research reports. Royal Bank Of Canada raised their target price on Canadian Tire from C$218.00 to C$230.00 and gave the stock an “outperform” rating in a research report on Sunday, August 16th. Stifel Nicolaus set a C$235.00 price target on Canadian Tire and gave the company a “buy” rating in a report on Friday. Desjardins set a C$235.00 price target on shares of Canadian Tire and gave the company a “buy” rating in a research note on Friday. Jefferies Financial Group raised their price objective on shares of Canadian Tire from C$179.00 to C$199.00 in a report on Friday, August 14th. Finally, Scotia boosted their price objective on shares of Canadian Tire from C$200.00 to C$225.00 and gave the stock a “sector perform” rating in a research report on Friday. Three research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of C$215.90.

Canadian Tire Stock Up 0.3%

TSE CTC.A traded up C$0.73 during trading on Friday, reaching C$220.50. 76,831 shares of the company’s stock were exchanged, compared to its average volume of 222,312. The company has a 50 day moving average price of C$196.30 and a two-hundred day moving average price of C$190.67. The stock has a market cap of C$11.50 billion, a P/E ratio of 17.44, a price-to-earnings-growth ratio of 0.35 and a beta of 0.66. Canadian Tire has a 1 year low of C$164.48 and a 1 year high of C$222.71. 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 Company Profile

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.