TD Securities Trims Canadian Tire (TSE:CTC.A) Target Price to C$185.00

Canadian Tire (TSE:CTC.A) had its price objective decreased by TD Securities from C$195.00 to C$185.00 in a research note issued on Friday, BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. TD Securities’ price target suggests a potential upside of 34.79% from the stock’s current price.

Several other brokerages have also commented on CTC.A. Royal Bank of Canada dropped their price target on Canadian Tire from C$197.00 to C$190.00 and set an “outperform” rating for the company in a research note on Friday. BMO Capital Markets dropped their price target on Canadian Tire from C$158.00 to C$147.00 in a research note on Friday. National Bank Financial set a C$166.00 price target on Canadian Tire in a research note on Friday, May 10th. Raymond James restated an “outperform” rating and set a C$175.00 price target on shares of Canadian Tire in a research note on Wednesday, May 8th. Finally, Desjardins upped their price target on Canadian Tire from C$180.00 to C$185.00 in a research note on Friday, May 10th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of C$171.22.

TSE CTC.A traded up C$0.95 during trading hours on Friday, hitting C$137.25. 717,123 shares of the company’s stock were exchanged, compared to its average volume of 241,044. The stock has a 50 day simple moving average of C$143.30. Canadian Tire has a 12-month low of C$133.56 and a 12-month high of C$183.93. The firm has a market capitalization of $10.71 billion and a price-to-earnings ratio of 12.86. The company has a quick ratio of 1.19, a current ratio of 1.64 and a debt-to-equity ratio of 210.46.

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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