Canadian Tire (TSE:CTC.A) Price Target Raised to C$170.00

Canadian Tire (TSE:CTC.A) had its price objective increased by investment analysts at BMO Capital Markets from C$152.00 to C$170.00 in a note issued to investors on Thursday,BayStreet.CA reports. BMO Capital Markets’ target price would suggest a potential upside of 2.47% from the stock’s current price.

Several other brokerages also recently issued reports on CTC.A. Royal Bank of Canada raised their price objective on shares of Canadian Tire from C$188.00 to C$192.00 in a research report on Friday, November 8th. CIBC boosted their price target on Canadian Tire from C$160.00 to C$165.00 in a research note on Friday, November 8th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$149.89.

Canadian Tire Stock Performance

CTC.A stock traded up C$1.08 during midday trading on Thursday, reaching C$165.90. 38,319 shares of the company were exchanged, compared to its average volume of 261,259. Canadian Tire has a one year low of C$126.25 and a one year high of C$169.27. The firm has a market capitalization of C$8.66 billion, a price-to-earnings ratio of 24.22, a price-to-earnings-growth ratio of 0.35 and a beta of 1.33. The business has a 50-day moving average price of C$156.44 and a two-hundred day moving average price of C$153.60. The company has a debt-to-equity ratio of 173.58, a current ratio of 1.79 and a quick ratio of 1.15.

Insider Buying and Selling

In other Canadian Tire news, Director Steve Frazier purchased 350 shares of the firm’s stock in a transaction dated Friday, December 13th. The shares were bought at an average price of C$152.56 per share, for a total transaction of C$53,397.68. 1.90% of the stock is owned by company insiders.

About Canadian Tire

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.