Canadian Tire (TSE:CTC.A) Upgraded at Scotiabank

Scotiabank upgraded shares of Canadian Tire (TSE:CTC.A) from an underperform rating to a sector perform rating in a research report released on Friday,BayStreet.CA reports. They currently have C$180.00 target price on the stock, up from their previous target price of C$160.00.

CTC.A has been the topic of a number of other reports. National Bank Financial raised their target price on 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. Desjardins lifted their price objective on shares of Canadian Tire from C$190.00 to C$203.00 and gave the company a “buy” rating in a research report on Friday. BMO Capital Markets upped their target price on shares of Canadian Tire from C$180.00 to C$194.00 and gave the stock a “market perform” rating in a research report on Friday. Canadian Imperial Bank of Commerce lifted their price target on Canadian Tire from C$181.00 to C$189.00 in a report on Friday, November 7th. Finally, TD Securities boosted their price objective on Canadian Tire from C$183.00 to C$194.00 and gave the stock a “hold” rating in a research report on Friday, November 7th. One research analyst has rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, Canadian Tire has an average rating of “Hold” and an average target price of C$192.29.

Canadian Tire Trading Up 3.3%

TSE CTC.A opened at C$188.48 on Friday. The company has a debt-to-equity ratio of 173.58, a quick ratio of 1.15 and a current ratio of 1.79. Canadian Tire has a one year low of C$139.50 and a one year high of C$196.46. The company has a 50-day simple moving average of C$175.42 and a 200-day simple moving average of C$170.96. The firm has a market capitalization of C$10.07 billion, a PE ratio of 14.30, a price-to-earnings-growth ratio of 0.35 and a beta of 0.90.

More Canadian Tire News

Here are the key news stories impacting Canadian Tire this week:

• Positive Sentiment: Desjardins raised its price target to C$203 and gave a “buy” rating — an endorsement that can attract buying interest and supports a multi-percent upside thesis. Article Title
• Positive Sentiment: TD Securities lifted its target to C$205 (maintaining a “hold”) — another upward revision that signals improving analyst views on Canadian Tire’s outlook. Article Title
• Positive Sentiment: National Bank Financial raised its target to C$211 (sector perform), the highest PT in this round — notable for suggesting greater upside potential from current levels. Article Title
• Positive Sentiment: BMO bumped its target to C$194 with a “market perform” — modestly bullish and supportive of near-term price strength. Article Title
• Neutral Sentiment: Canadian Tire reported strong holiday/Q4 results with revenue up year-over-year and SportChek comps rising — fundamentals that justify the analyst optimism but require follow-through in margins and guidance. Article Title
• Positive Sentiment: Management highlights Triangle Rewards as a “linchpin” for growth — loyalty program strength can boost customer retention and lifetime value, a structural positive for valuation. Article Title
• Positive Sentiment: Expanded Microsoft partnership to scale an AI-driven retail intelligence platform — technology investment that may improve merchandising, inventory turns and margins over time. Article Title
• Positive Sentiment: Technicals: the stock has crossed above its 200-day moving average — a bullish technical signal that can attract momentum traders. Article Title
• Negative Sentiment: Scotiabank upgraded the rating from “underperform” to “sector perform” but set a C$180 target (below current levels) — this reduces conviction from one large broker and represents a potential headwind if others echo the lower PT. Article Title

Canadian Tire Company Profile

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.