Canadian Tire Co. Limited (TSE:CTC.A) Given Average Recommendation of “Hold” by Analysts

Canadian Tire Co. Limited (TSE:CTC.A) has been assigned a consensus recommendation of “Hold” from the nine research firms that are currently covering the firm, Marketbeat Ratings reports. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year price target among analysts that have covered the stock in the last year is C$204.00.

A number of equities analysts recently issued reports on CTC.A shares. Stifel Nicolaus raised their price objective on shares of Canadian Tire from C$115.00 to C$220.00 and gave the stock a “buy” rating in a report on Friday, August 14th. Royal Bank Of Canada increased 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. BMO Capital Markets reduced their price target on shares of Canadian Tire from C$194.00 to C$185.00 and set a “market perform” rating on the stock in a report on Friday, May 15th. Jefferies Financial Group lifted their price objective on Canadian Tire from C$179.00 to C$199.00 in a research note on Friday, August 14th. Finally, Scotia boosted their target price on shares of Canadian Tire from C$180.00 to C$200.00 and gave the stock a “sector perform” rating in a report on Friday, August 14th.

Canadian Tire Stock Down 1.9%

CTC.A stock opened at C$188.33 on Wednesday. The company has a debt-to-equity ratio of 173.58, a current ratio of 1.79 and a quick ratio of 1.15. The stock has a market capitalization of C$9.82 billion, a P/E ratio of 14.90, a P/E/G ratio of 0.35 and a beta of 0.87. The business has a fifty day moving average price of C$196.88 and a 200-day moving average price of C$190.23. Canadian Tire has a 1-year low of C$159.20 and a 1-year high of C$208.08.

About Canadian Tire

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.