Canadian Tire Co. Limited (TSE:CTC.A) Given Average Rating of “Moderate Buy” by Brokerages

Canadian Tire Co. Limited (TSE:CTC.A) has been given an average rating of “Moderate Buy” by the six analysts that are currently covering the firm, MarketBeat reports. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is C$149.40.

Several equities analysts recently weighed in on CTC.A shares. TD Securities cut their price target on Canadian Tire from C$182.00 to C$176.00 and set a “buy” rating for the company in a research note on Friday, February 14th. CIBC cut their price objective on Canadian Tire from C$165.00 to C$156.00 in a research report on Friday, February 14th. Canaccord Genuity Group reduced their target price on Canadian Tire from C$158.00 to C$153.00 in a research note on Thursday, February 20th. BMO Capital Markets raised shares of Canadian Tire from a “market perform” rating to an “outperform” rating and set a C$170.00 price target on the stock in a research note on Thursday, February 20th. Finally, Royal Bank of Canada boosted their price target on shares of Canadian Tire from C$188.00 to C$192.00 in a report on Friday, November 8th.

Insider Buying and Selling

In related news, Director Steve Frazier bought 350 shares of the stock in a transaction dated Friday, December 13th. The shares were acquired at an average cost 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.

Canadian Tire Stock Up 0.5 %

CTC.A stock opened at C$142.06 on Wednesday. Canadian Tire has a one year low of C$126.25 and a one year high of C$169.27. The company has a debt-to-equity ratio of 173.58, a quick ratio of 1.15 and a current ratio of 1.79. The firm’s fifty day moving average is C$154.91 and its 200 day moving average is C$155.02. The firm has a market cap of C$7.42 billion, a PE ratio of 20.74, a P/E/G ratio of 0.35 and a beta of 1.33.

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.