Canadian Tire (TSE:CTC.A) Stock Rating Reaffirmed by BMO Capital Markets

Canadian Tire (TSE:CTC.A)‘s stock had its “market perform” rating reissued by research analysts at BMO Capital Markets in a note issued to investors on Thursday, June 20th, BayStreet.CA reports. They currently have a C$158.00 price objective on the stock. BMO Capital Markets’ price objective suggests a potential upside of 9.24% from the stock’s previous close.

Several other research analysts have also weighed in on the stock. Desjardins upped their price objective on shares of Superior Plus from C$14.00 to C$14.50 in a research note on Friday, May 10th. TD Securities dropped their price objective on shares of Total Energy Services from C$11.50 to C$10.00 and set a “hold” rating on the stock in a research note on Friday, May 10th. Raymond James set a $31.00 price objective on shares of Mylan and gave the company a “buy” rating in a research note on Wednesday, May 8th. Royal Bank of Canada increased their price target on shares of Principal Financial Group to $55.00 and gave the stock a “market perform” rating in a research note on Monday, April 29th. Finally, National Bank Financial increased their price target on shares of Yamana Gold from C$3.75 to C$4.00 and gave the stock a “sector perform” rating in a research note on Friday, May 10th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of C$176.00.

Shares of CTC.A stock traded down C$0.17 during trading hours on Thursday, reaching C$144.63. 138,316 shares of the stock traded hands, compared to its average volume of 241,044. Canadian Tire has a 1-year low of C$133.56 and a 1-year high of C$183.93. The firm has a fifty day moving average of C$139.65. The company has a debt-to-equity ratio of 210.46, a current ratio of 1.64 and a quick ratio of 1.19. The firm has a market capitalization of $8.25 billion and a price-to-earnings ratio of 13.55.

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.

Recommended Story: Why do companies pay special dividends?

Analyst Recommendations for Canadian Tire (TSE:CTC.A)

Receive News & Ratings for Canadian Tire Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canadian Tire and related companies with MarketBeat.com's FREE daily email newsletter.