Canadian Tire (TSE:CTC.A) had its price target decreased by TD Securities from C$200.00 to C$195.00 in a report released on Friday, BayStreet.CA reports. TD Securities currently has a buy rating on the stock.
Several other research firms have also commented on CTC.A. National Bank Financial set a C$166.00 price target on shares of Canadian Tire in a report on Friday. Raymond James set a C$175.00 price target on shares of Canadian Tire and gave the company an outperform rating in a report on Wednesday, May 8th. BMO Capital Markets set a C$158.00 price target on shares of Canadian Tire and gave the company a market perform rating in a report on Thursday, May 2nd. Royal Bank of Canada decreased their price target on shares of Canadian Tire from C$203.00 to C$197.00 and set an outperform rating for the company in a report on Monday, April 29th. Finally, CIBC decreased their price target on shares of Canadian Tire from C$181.00 to C$170.00 in a report on Friday, February 15th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus price target of C$176.00.
Shares of CTC.A stock opened at C$144.43 on Friday. The firm has a market cap of $8.72 billion and a price-to-earnings ratio of 13.36. The company has a quick ratio of 1.17, a current ratio of 1.61 and a debt-to-equity ratio of 157.36. Canadian Tire has a 1-year low of C$140.60 and a 1-year high of C$180.21.
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.
Read More: Price to Earnings Ratio (PE)
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