Canadian Tire (TSE:CTC.A) Upgraded by BMO Capital Markets to Outperform Rating

Canadian Tire (TSE:CTC.A) was upgraded by analysts at BMO Capital Markets from a “market perform” rating to an “outperform” rating in a note issued to investors on Thursday,BayStreet.CA reports. The firm currently has a C$170.00 price objective on the stock. BMO Capital Markets’ target price suggests a potential upside of 17.34% from the stock’s previous close.

CTC.A has been the topic of several other reports. TD Securities reduced their price objective on Canadian Tire from C$182.00 to C$176.00 and set a “buy” rating on the stock in a research note on Friday, February 14th. CIBC reduced their price target on Canadian Tire from C$165.00 to C$156.00 in a research report on Friday, February 14th. Canaccord Genuity Group boosted their price target on Canadian Tire from C$157.00 to C$160.00 and gave the stock a “hold” rating in a research report on Monday, February 10th. Finally, Royal Bank of Canada lifted their price objective on Canadian Tire from C$188.00 to C$192.00 in a report on Friday, November 8th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of C$149.40.

Canadian Tire Trading Down 0.1 %

CTC.A traded down C$0.21 during midday trading on Thursday, hitting C$144.88. The company’s stock had a trading volume of 84,112 shares, compared to its average volume of 341,605. The company has a current ratio of 1.79, a quick ratio of 1.15 and a debt-to-equity ratio of 173.58. The firm has a market cap of C$7.56 billion, a P/E ratio of 21.15, a PEG ratio of 0.35 and a beta of 1.33. The firm has a 50-day moving average price of C$156.51 and a two-hundred day moving average price of C$154.95. Canadian Tire has a 52-week low of C$126.25 and a 52-week high of C$169.27.

Insider Activity

In related news, Director Steve Frazier bought 350 shares of Canadian Tire stock in a transaction dated Friday, December 13th. The stock was acquired at an average cost of C$152.56 per share, with a total value of C$53,397.68. 1.90% of the stock is currently owned by company insiders.

Canadian Tire Company Profile

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.