Desjardins Trims Canadian Tire (OTCMKTS:CDNAF) Target Price to C$195.00

Canadian Tire (OTCMKTS:CDNAFGet Rating) had its target price reduced by Desjardins from C$215.00 to C$195.00 in a research report released on Friday morning, The Fly reports.

CDNAF has been the subject of several other reports. Canaccord Genuity Group cut their price target on Canadian Tire from C$201.00 to C$195.00 and set a buy rating for the company in a report on Wednesday, November 2nd. National Bank Financial cut their price target on Canadian Tire from C$196.00 to C$167.00 in a report on Friday. TD Securities cut their price target on Canadian Tire from C$215.00 to C$200.00 in a report on Friday. Scotiabank cut their price target on Canadian Tire from C$184.00 to C$180.00 in a report on Friday. Finally, Royal Bank of Canada cut their price target on Canadian Tire from C$235.00 to C$234.00 in a report on Friday, August 12th.

Canadian Tire Stock Performance

Shares of Canadian Tire stock opened at $113.93 on Friday. Canadian Tire has a 1 year low of $103.81 and a 1 year high of $157.09. The business has a 50 day moving average price of $112.68 and a 200 day moving average price of $123.76.

About Canadian Tire

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Canadian Tire Corporation, Limited provides a range of retail goods and services in Canada. It operates in three segments: Retail, CT REIT, and Financial Services. The Retail segment retails automotive maintenance products and accessories, parts, tires as well as automotive repair and roadside assistance; kitchen, home organization, decor and essentials, home electronics, pet, and cleaning and consumable products; tools, hardware, paint, electrical, plumbing, home environment, and smart home products; and outdoor recreation, exercise, footwear and apparel, hunting, fishing, camping, and sporting goods.

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