Canadian Tire (TSE:CTC.A) Price Target Raised to C$190.00
Canadian Tire (TSE:CTC.A) had its target price lifted by TD Securities from C$185.00 to C$190.00 in a research note released on Friday morning, BayStreet.CA reports. They currently have a buy rating on the stock.
A number of other brokerages have also recently commented on CTC.A. Canaccord Genuity dropped their price target on Canadian Tire from C$170.00 to C$160.00 in a research report on Friday, August 9th. CIBC boosted their price target on Canadian Tire from C$167.00 to C$173.00 in a research report on Friday. Royal Bank of Canada dropped their price target on Canadian Tire from C$197.00 to C$190.00 and set an outperform rating on the stock in a research report on Friday, August 9th. BMO Capital Markets boosted their price target on Canadian Tire from C$147.00 to C$159.00 in a research report on Friday. Finally, National Bank Financial boosted their price target on Canadian Tire from C$166.00 to C$173.00 and gave the stock an outperform rating in a research report on Friday. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock has an average rating of Buy and a consensus price target of C$174.56.
Shares of CTC.A opened at C$154.02 on Friday. The company has a quick ratio of 1.33, a current ratio of 1.81 and a debt-to-equity ratio of 208.50. The business’s 50 day moving average price is C$145.26 and its 200-day moving average price is C$142.99. Canadian Tire has a 52 week low of C$131.31 and a 52 week high of C$167.40. The stock has a market cap of $8.94 billion and a P/E ratio of 13.79.
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.
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