Canadian Tire (CTC.A) Given New C$185.00 Price Target at Desjardins

Canadian Tire (TSE:CTC.A) had its target price raised by equities researchers at Desjardins from C$180.00 to C$185.00 in a research note issued on Friday, BayStreet.CA reports. Desjardins’ price target would indicate a potential upside of 28.09% from the company’s current price.

A number of other analysts have also weighed in on CTC.A. National Bank Financial reissued an “outperform” rating and issued a C$181.00 price target on shares of Canadian Tire in a report on Tuesday, January 15th. Royal Bank of Canada raised their price target on shares of Canadian Tire from C$201.00 to C$203.00 in a report on Monday, February 4th. Barclays lowered shares of Canadian Tire from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from C$193.00 to C$166.00 in a report on Monday, February 11th. CIBC lowered their price target on shares of Canadian Tire from C$181.00 to C$170.00 in a report on Friday, February 15th. Finally, Raymond James lowered their target price on shares of Canadian Tire from C$181.00 to C$175.00 in a report on Friday, February 15th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of C$176.00.

Shares of Canadian Tire stock opened at C$144.43 on Friday. The company has a debt-to-equity ratio of 157.36, a current ratio of 1.61 and a quick ratio of 1.17. The company has a market capitalization of $8.72 billion and a P/E ratio of 13.36. Canadian Tire has a fifty-two week low of C$140.60 and a fifty-two week high of C$180.21.

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.

See Also: What is the formula for the cash asset ratio?

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's FREE daily email newsletter.