Canadian Tire (TSE:CTC.A) Given New C$176.00 Price Target at TD Securities

Canadian Tire (TSE:CTC.A) had its price target decreased by TD Securities from C$182.00 to C$176.00 in a research report released on Friday,BayStreet.CA reports. TD Securities currently has a buy rating on the stock.

Several other brokerages also recently commented on CTC.A. Royal Bank of Canada raised their price objective on shares of Canadian Tire from C$188.00 to C$192.00 in a research report on Friday, November 8th. BMO Capital Markets boosted their price objective on Canadian Tire from C$152.00 to C$170.00 in a research report on Thursday, January 30th. CIBC increased their target price on Canadian Tire from C$160.00 to C$165.00 in a research report on Friday, November 8th. Finally, Canaccord Genuity Group boosted their price target on Canadian Tire from C$157.00 to C$160.00 and gave the stock a “hold” rating in a report on Monday, February 10th. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of C$148.60.

Canadian Tire Trading Down 0.8 %

Shares of CTC.A stock opened at C$143.99 on Friday. Canadian Tire has a 1 year low of C$126.25 and a 1 year high of C$169.27. The firm has a fifty day moving average price of C$157.29 and a 200-day moving average price of C$154.96. The company has a market cap of C$7.52 billion, a price-to-earnings ratio of 21.02, a PEG ratio of 0.35 and a beta of 1.33. The company has a debt-to-equity ratio of 173.58, a current ratio of 1.79 and a quick ratio of 1.15.

Insiders Place Their Bets

In related news, Director Steve Frazier bought 350 shares of the stock in a transaction dated Friday, December 13th. The stock was purchased at an average cost of C$152.56 per share, with a total value of C$53,397.68. 1.90% of the stock is owned by insiders.

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.