Brokerages Set Canadian Tire Co. Limited (TSE:CTC.A) PT at C$171.25

Shares of Canadian Tire Co. Limited (TSE:CTC.A) have earned an average recommendation of “Moderate Buy” from the six research firms that are presently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is C$171.25.

A number of equities research analysts recently weighed in on the stock. TD Securities boosted their price target on shares of Canadian Tire from C$170.00 to C$181.00 and gave the company a “buy” rating in a research report on Friday, May 9th. Jefferies Financial Group lifted their target price on Canadian Tire from C$140.00 to C$164.00 in a research report on Friday, May 9th. Canaccord Genuity Group decreased their target price on Canadian Tire from C$158.00 to C$153.00 in a research report on Thursday, February 20th. BMO Capital Markets raised their price target on Canadian Tire from C$170.00 to C$175.00 in a research note on Friday, May 9th. Finally, Desjardins boosted their price objective on Canadian Tire from C$170.00 to C$175.00 and gave the company a “buy” rating in a research note on Friday, May 9th.

Canadian Tire Stock Up 3.3%

Shares of TSE:CTC.A opened at C$166.03 on Monday. The firm has a 50 day simple moving average of C$149.96 and a 200-day simple moving average of C$152.24. Canadian Tire has a twelve month low of C$131.31 and a twelve month high of C$169.27. The company has a current ratio of 1.79, a quick ratio of 1.15 and a debt-to-equity ratio of 173.58. The company has a market capitalization of C$8.67 billion, a PE ratio of 24.24, a P/E/G ratio of 0.35 and a beta of 1.33.

Canadian Tire Company Profile

Canadian Tire Corporation, Limited provides a range of retail goods and services in Canada. The company operates through three segments: Retail, CT REIT, and Financial Services. The Retail segment retails general merchandise, apparel, footwear, sporting equipment, gasoline, sporting goods and active wear, and workwear under the Canadian Tire, SportChek, Sports Experts, National Sports, Pro Hockey Life, Atmosphere, Mark's, PartSource, Gas+, and Helly Hansen banners.