Canadian Tire (TSE:CTC.A) Price Target Raised to C$197.00 at National Bankshares

Canadian Tire (TSE:CTC.A) had its target price upped by stock analysts at National Bankshares from C$185.00 to C$197.00 in a research note issued to investors on Friday,BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. National Bankshares’ price objective indicates a potential upside of 14.54% from the company’s previous close.

Other research analysts also recently issued research reports about the stock. TD Securities lowered their price target on shares of Canadian Tire from C$184.00 to C$183.00 and set a “hold” rating for the company in a report on Wednesday, October 8th. Desjardins upped their price objective on Canadian Tire from C$175.00 to C$195.00 and gave the company a “buy” rating in a research report on Tuesday, August 5th. Scotiabank lifted their target price on Canadian Tire from C$145.00 to C$150.00 and gave the stock an “underperform” rating in a report on Friday, August 8th. Finally, BMO Capital Markets downgraded Canadian Tire from an “outperform” rating to a “market perform” rating and cut their target price for the company from C$191.00 to C$175.00 in a research report on Friday, August 8th. One research analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Canadian Tire currently has an average rating of “Hold” and an average target price of C$178.78.

Canadian Tire Price Performance

CTC.A stock traded up C$1.65 during mid-day trading on Friday, hitting C$171.99. The company had a trading volume of 271,423 shares, compared to its average volume of 296,822. The company has a 50-day moving average price of C$168.59 and a 200 day moving average price of C$171.78. Canadian Tire has a 12-month low of C$139.50 and a 12-month high of C$194.39. The company has a market capitalization of C$9.30 billion, a price-to-earnings ratio of 12.57, a P/E/G ratio of 0.35 and a beta of 1.01. The company has a quick ratio of 1.15, a current ratio of 1.79 and a debt-to-equity ratio of 173.58.

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.