CIBC Raises Canadian Tire (TSE:CTC.A) Price Target to C$189.00

by · The Cerbat Gem

Canadian Tire (TSE:CTC.A – Get Free Report) had its target price upped by research analysts at CIBC from C$181.00 to C$189.00 in a report released on Friday,BayStreet.CA reports. CIBC’s price target indicates a potential upside of 9.89% from the company’s current price.

CTC.A has been the subject of a number of other reports. Scotiabank upped their price objective on shares of Canadian Tire from C$150.00 to C$155.00 and gave the stock an “underperform” rating in a research report on Friday. BMO Capital Markets cut Canadian Tire from an “outperform” rating to a “market perform” rating and dropped their price target for the company from C$191.00 to C$175.00 in a research note on Friday, August 8th. TD Securities cut their price objective on Canadian Tire from C$184.00 to C$183.00 and set a “hold” rating on the stock in a report on Wednesday, October 8th. Desjardins boosted their price objective on Canadian Tire from C$185.00 to C$190.00 in a research report on Friday. Finally, National Bankshares increased their target price on Canadian Tire from C$185.00 to C$197.00 and gave the company a “sector perform” rating in a research report on Friday. One analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Canadian Tire currently has a consensus rating of “Hold” and a consensus price target of C$178.78.

Check Out Our Latest Stock Analysis on CTC.A

Canadian Tire Price Performance

TSE CTC.A traded up C$1.65 on Friday, hitting C$171.99. 271,423 shares of the company’s stock were exchanged, compared to its average volume of 296,822. The stock has a 50-day moving average of C$168.59 and a 200-day moving average of C$171.78. The stock has a market cap of C$9.30 billion, a price-to-earnings ratio of 12.57, a P/E/G ratio of 0.35 and a beta of 1.01. Canadian Tire has a 52 week low of C$139.50 and a 52 week high of C$194.39. The company has a current ratio of 1.79, a quick ratio of 1.15 and a debt-to-equity ratio of 173.58.

Canadian Tire Company Profile

(Get Free Report)

Canadian Tire Corporation, Limited, (TSX: CTC.A) (TSX: CTC) or ‘CTC’, is a group of companies that includes a Retail segment, a Financial Services division and CT REIT. Our retail business is led by Canadian Tire, which was founded in 1922 and provides Canadians with products for life in Canada across its Living, Playing, Fixing, Automotive and Seasonal & Gardening divisions.

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