Canadian Tire Co. Limited (TSE:CTC.A) Receives Average Recommendation of “Hold” from Brokerages

Canadian Tire Co. Limited (TSE:CTC.A) has been assigned a consensus rating of “Hold” from the six brokerages that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, four have given a hold recommendation and one has given a buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is C$177.75.

Several research firms recently issued reports on CTC.A. Scotiabank upped their price objective on Canadian Tire from C$150.00 to C$155.00 and gave the company an “underperform” rating in a research report on Friday, November 7th. CIBC boosted their price target on Canadian Tire from C$181.00 to C$189.00 in a research note on Friday, November 7th. BMO Capital Markets increased their price objective on Canadian Tire from C$175.00 to C$180.00 in a research report on Monday, November 10th. Desjardins boosted their target price on Canadian Tire from C$185.00 to C$190.00 in a research report on Friday, November 7th. Finally, National Bankshares upped their target price on shares of Canadian Tire from C$185.00 to C$197.00 and gave the company a “sector perform” rating in a research note on Friday, November 7th.

Canadian Tire Stock Up 0.3%

Shares of Canadian Tire stock opened at C$175.92 on Friday. The company has a 50-day simple moving average of C$172.07 and a two-hundred day simple moving average of C$172.77. Canadian Tire has a 52-week low of C$139.50 and a 52-week high of C$194.39. 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 stock has a market capitalization of C$9.40 billion, a PE ratio of 13.35, a price-to-earnings-growth ratio of 0.35 and a beta of 1.05.

About Canadian Tire

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.