Canadian Tire (TSE:CTC.A) Given New C$190.00 Price Target at TD Securities

Canadian Tire (TSE:CTC.A) had its price objective boosted by TD Securities from C$185.00 to C$190.00 in a report published on Friday morning, BayStreet.CA reports. The firm currently has a buy rating on the stock.

Several other equities analysts have also commented on the stock. Royal Bank of Canada lowered their price target on shares of Canadian Tire from C$197.00 to C$190.00 and set an outperform rating for the company in a research report on Friday, August 9th. BMO Capital Markets upped their price target on shares of Canadian Tire from C$147.00 to C$159.00 in a research report on Friday. CIBC upped their price target on shares of Canadian Tire from C$167.00 to C$173.00 in a research report on Friday. Canaccord Genuity lowered their price target on shares of Canadian Tire from C$170.00 to C$160.00 in a research report on Friday, August 9th. Finally, National Bank Financial upped their price target on shares of Canadian Tire from C$166.00 to C$173.00 and gave the stock an outperform rating in a research report on Friday. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock has an average rating of Buy and an average target price of C$174.56.

Shares of Canadian Tire stock traded up C$2.90 during trading on Friday, hitting C$153.61. 336,463 shares of the stock were exchanged, compared to its average volume of 241,044. The stock’s fifty day moving average is C$145.05 and its 200 day moving average is C$142.91. The stock has a market cap of $8.82 billion and a PE ratio of 13.75. The company has a debt-to-equity ratio of 208.50, a quick ratio of 1.33 and a current ratio of 1.81. Canadian Tire has a 12 month low of C$131.31 and a 12 month high of C$167.40.

About Canadian Tire

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.

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

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