Canadian Tire (TSE:CTC.A) Price Target Raised to C$182.00 at TD Securities

Canadian Tire (TSE:CTC.A) had its target price boosted by investment analysts at TD Securities from C$175.00 to C$182.00 in a research report issued on Thursday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. TD Securities’ price target would indicate a potential upside of 9.57% from the company’s current price.

Other equities research analysts have also recently issued reports about the stock. Royal Bank of Canada upped their price objective on shares of Canadian Tire from C$188.00 to C$192.00 in a report on Friday, November 8th. CIBC upped their price objective on shares of Canadian Tire from C$160.00 to C$165.00 in a report on Friday, November 8th. Finally, BMO Capital Markets upped their price objective on shares of Canadian Tire from C$152.00 to C$170.00 in a report on Thursday. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$150.67.

Canadian Tire Stock Up 0.8 %

Shares of Canadian Tire stock traded up C$1.29 on Thursday, hitting C$166.11. 51,621 shares of the company traded hands, compared to its average volume of 261,864. The company has a 50-day moving average price of C$156.44 and a 200 day moving average price of C$153.60. The company has a quick ratio of 1.15, a current ratio of 1.79 and a debt-to-equity ratio of 173.58. Canadian Tire has a 12-month low of C$126.25 and a 12-month high of C$169.27. The company has a market cap of C$8.67 billion, a PE ratio of 24.25, a PEG ratio of 0.35 and a beta of 1.33.

Insiders Place Their Bets

In related news, Director Steve Frazier bought 350 shares of Canadian Tire stock in a transaction that occurred on Friday, December 13th. The stock was acquired at an average price of C$152.56 per share, for a total transaction of C$53,397.68. Company insiders own 1.90% of the company’s stock.

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.