Jefferies Financial Group Raises Canadian Tire (TSE:CTC.A) Price Target to C$126.00

Canadian Tire (TSE:CTC.A) had its price objective hoisted by equities researchers at Jefferies Financial Group from C$121.00 to C$126.00 in a note issued to investors on Friday, BayStreet.CA reports. Jefferies Financial Group’s price objective points to a potential downside of 15.34% from the stock’s current price.

CTC.A has been the subject of a number of other reports. Desjardins boosted their target price on shares of Canadian Tire from C$160.00 to C$165.00 in a research note on Friday, May 10th. BMO Capital Markets boosted their price objective on shares of Canadian Tire from C$150.00 to C$152.00 in a research report on Friday, May 10th. National Bankshares upped their target price on shares of Canadian Tire from C$146.00 to C$158.00 in a research note on Friday. Canaccord Genuity Group decreased their price target on shares of Canadian Tire from C$40.00 to C$37.00 and set a “hold” rating for the company in a research note on Monday, May 6th. Finally, Royal Bank of Canada dropped their price objective on Canadian Tire from C$195.00 to C$190.00 in a research note on Friday, May 10th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of C$147.11.

Canadian Tire Trading Up 0.1 %

Shares of CTC.A stock traded up C$0.12 on Friday, reaching C$148.83. 58,500 shares of the company’s stock were exchanged, compared to its average volume of 244,364. The company’s fifty day simple moving average is C$138.99 and its 200 day simple moving average is C$138.09. The stock has a market capitalization of C$7.77 billion, a PE ratio of 29.65, a P/E/G ratio of 0.35 and a beta of 1.33. The company has a current ratio of 1.76, a quick ratio of 1.15 and a debt-to-equity ratio of 186.00. Canadian Tire has a 52 week low of C$126.25 and a 52 week high of C$169.28.

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.