Canadian Tire Co. Limited (TSE:CTC.A) Stock Now Rated “Hold” by Wall Street Analysts

Shares of Canadian Tire Co. Limited (TSE:CTC.A) have received an average rating of “Hold” from the nine analysts that are presently covering the firm, MarketBeat Ratings reports. Six research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is C$204.00.

Several analysts recently commented on CTC.A shares. Stifel Nicolaus raised their price target 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. Desjardins upped their price objective on shares of Canadian Tire from C$200.00 to C$217.00 and gave the company a “buy” rating in a research note on Tuesday, August 11th. Scotia increased 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 research report on Friday, August 14th. Jefferies Financial Group increased their target price on shares of Canadian Tire from C$179.00 to C$199.00 in a research report on Friday, August 14th. Finally, National Bank Financial decreased their target price on shares of Canadian Tire from C$210.00 to C$209.00 and set a “sector perform” rating for the company in a research note on Friday, August 14th.

Canadian Tire Stock Up 1.9%

TSE:CTC.A opened at C$204.34 on Thursday. The business’s fifty day moving average price is C$193.47 and its 200 day moving average price is C$189.40. The firm has a market capitalization of C$10.66 billion, a price-to-earnings ratio of 16.17, a PEG ratio of 0.35 and a beta of 0.75. The company has a current ratio of 1.79, a quick ratio of 1.15 and a debt-to-equity ratio of 173.58. Canadian Tire has a 1-year low of C$159.20 and a 1-year high of C$209.10.

Canadian Tire Company Profile

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.