BMO Capital Markets Lowers Canadian Tire (TSE:CTC.A) Price Target to C$147.00

Canadian Tire (TSE:CTC.A) had its target price lowered by BMO Capital Markets from C$158.00 to C$147.00 in a report issued on Friday morning, BayStreet.CA reports.

Other equities research analysts have also recently issued research reports about the company. Royal Bank of Canada cut their price target on Canadian Tire from C$197.00 to C$190.00 and set an outperform rating for the company in a report on Friday. Canaccord Genuity cut their price target on Canadian Tire from C$170.00 to C$160.00 in a report on Friday. CIBC cut their price target on Canadian Tire from C$170.00 to C$167.00 in a report on Thursday, August 1st. Raymond James reaffirmed an outperform rating and issued a C$175.00 price target on shares of Canadian Tire in a report on Wednesday, May 8th. Finally, TD Securities cut their price target on Canadian Tire from C$200.00 to C$195.00 and set a buy rating for the company in a report on Friday, May 10th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Canadian Tire currently has a consensus rating of Buy and a consensus target price of C$171.22.

TSE:CTC.A opened at C$135.09 on Friday. Canadian Tire has a one year low of C$133.56 and a one year high of C$183.93. The company has a debt-to-equity ratio of 210.46, a quick ratio of 1.19 and a current ratio of 1.64. The firm has a market capitalization of $10.60 billion and a PE ratio of 12.65. The firm has a 50 day moving average of C$142.81.

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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