Canadian Tire (TSE:CTC.A) Price Target Raised to C$203.00 at Desjardins

Canadian Tire (TSE:CTC.A) had its price target boosted by investment analysts at Desjardins from C$190.00 to C$203.00 in a note issued to investors on Friday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Desjardins’ price objective would indicate a potential upside of 7.98% from the company’s current price.

CTC.A has been the topic of several other reports. TD Securities upped their price objective on Canadian Tire from C$183.00 to C$194.00 and gave the company a “hold” rating in a research report on Friday, November 7th. BMO Capital Markets lifted their price objective on Canadian Tire from C$180.00 to C$194.00 and gave the company a “market perform” rating in a report on Friday. National Bank Financial increased their price objective on shares of Canadian Tire from C$197.00 to C$201.00 and gave the company a “sector perform” rating in a research note on Monday, January 26th. Canadian Imperial Bank of Commerce increased their price target on Canadian Tire from C$181.00 to C$189.00 in a research report on Friday, November 7th. Finally, Scotiabank upped their target price on shares of Canadian Tire from C$150.00 to C$155.00 and gave the stock an “underperform” rating in a research note on Friday, November 7th. One research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of C$192.29.

Canadian Tire Stock Performance

CTC.A stock traded up C$5.47 during mid-day trading on Friday, hitting C$188.00. The company had a trading volume of 194,259 shares, compared to its average volume of 239,542. Canadian Tire has a 12 month low of C$139.50 and a 12 month high of C$196.46. 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’s fifty day moving average price is C$174.97 and its two-hundred day moving average price is C$171.13. The firm has a market cap of C$10.04 billion, a PE ratio of 14.26, a price-to-earnings-growth ratio of 0.35 and a beta of 0.90.

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.