Canadian Tire (TSE:CTC.A – Get Free Report) had its target price decreased by equities research analysts at BMO Capital Markets from C$194.00 to C$185.00 in a note issued to investors on Friday,BayStreet.CA reports. The brokerage currently has a “market perform” rating on the stock. BMO Capital Markets’ price target indicates a potential upside of 8.98% from the stock’s previous close.
Several other equities analysts also recently weighed in on the stock. National Bank Financial dropped their target price on shares of Canadian Tire from C$211.00 to C$205.00 and set a “sector perform” rating for the company in a report on Friday. Desjardins lowered their price target on shares of Canadian Tire from C$203.00 to C$200.00 and set a “buy” rating for the company in a report on Friday. TD Securities lifted their price target on shares of Canadian Tire from C$194.00 to C$205.00 and gave the stock a “hold” rating in a report on Friday, February 20th. Scotiabank upgraded shares of Canadian Tire from an “underperform” rating to a “sector perform” rating and lifted their price target for the stock from C$160.00 to C$180.00 in a report on Friday, February 20th. Finally, Royal Bank Of Canada lowered their price target on shares of Canadian Tire from C$220.00 to C$216.00 and set an “outperform” rating for the company in a report on Friday. Two analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of C$197.50.
View Our Latest Research Report on CTC.A
Canadian Tire Price Performance
Canadian Tire (TSE:CTC.A – Get Free Report) last posted its earnings results on Thursday, May 14th. The company reported C$2.02 earnings per share for the quarter. Canadian Tire had a net margin of 2.33% and a return on equity of 7.45%. The firm had revenue of C$3.57 billion during the quarter. Sell-side analysts expect that Canadian Tire will post 13.638961 EPS for the current year.
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.
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