Canadian Tire (TSE:CTC.A) Given New C$194.00 Price Target at TD Securities

Canadian Tire (TSE:CTC.A) had its price target raised by TD Securities from C$183.00 to C$194.00 in a research report sent to investors on Friday,BayStreet.CA reports. TD Securities currently has a hold rating on the stock.

A number of other research firms have also issued reports on CTC.A. Desjardins increased their target price on shares of Canadian Tire from C$185.00 to C$190.00 in a report on Friday. CIBC increased their price objective on Canadian Tire from C$181.00 to C$189.00 in a research note on Friday. National Bankshares lifted their target price on Canadian Tire from C$185.00 to C$197.00 and gave the company a “sector perform” rating in a report on Friday. Scotiabank upped their price target on Canadian Tire from C$150.00 to C$155.00 and gave the stock an “underperform” rating in a report on Friday. Finally, BMO Capital Markets lowered Canadian Tire from an “outperform” rating to a “market perform” rating and reduced their price target for the company from C$191.00 to C$175.00 in a research report on Friday, August 8th. One analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Canadian Tire currently has a consensus rating of “Hold” and a consensus target price of C$177.13.

Canadian Tire Stock Up 1.0%

Shares of CTC.A traded up C$1.65 during mid-day trading on Friday, hitting C$171.99. 271,423 shares of the company’s stock were exchanged, compared to its average volume of 296,822. The stock’s 50-day moving average is C$168.61 and its 200-day moving average is C$171.95. 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 fifty-two week low of C$139.50 and a fifty-two week high of C$194.39. The company has a market cap 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.

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.