Canadian Tire (TSE:CTC.A) Price Target Cut to C$215.00 by Analysts at National Bankshares

Canadian Tire (TSE:CTC.AGet Rating) had its price objective decreased by stock analysts at National Bankshares from C$222.00 to C$215.00 in a research note issued to investors on Thursday, BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bankshares’ target price suggests a potential upside of 26.82% from the company’s current price.

A number of other equities analysts have also issued reports on the stock. CIBC dropped their target price on shares of Canadian Tire from C$222.00 to C$216.00 in a research report on Thursday, July 28th. Royal Bank of Canada lowered their price target on shares of Canadian Tire from C$260.00 to C$235.00 and set an “outperform” rating on the stock in a report on Wednesday, July 27th. BMO Capital Markets lowered their price target on shares of Canadian Tire from C$187.00 to C$184.00 in a report on Friday, May 13th. Finally, Canaccord Genuity Group raised shares of Canadian Tire to a “buy” rating and set a C$208.00 price target on the stock in a report on Friday, May 13th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of C$223.45.

Canadian Tire Trading Down 0.1 %

Shares of CTC.A stock opened at C$169.53 on Thursday. Canadian Tire has a 1 year low of C$159.15 and a 1 year high of C$206.97. The firm’s fifty day simple moving average is C$167.23 and its 200 day simple moving average is C$176.51. The firm has a market capitalization of C$10.10 billion and a P/E ratio of 8.95. The company has a current ratio of 1.82, a quick ratio of 1.33 and a debt-to-equity ratio of 161.39.

About Canadian Tire

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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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