Canadian Tire (TSE:CTC.A – Get Free Report) had its price objective decreased by stock analysts at Canaccord Genuity Group from C$40.00 to C$37.00 in a research report issued to clients and investors on Monday, BayStreet.CA reports. The firm currently has a “hold” rating on the stock. Canaccord Genuity Group’s target price suggests a potential downside of 72.76% from the company’s previous close.
A number of other research firms have also weighed in on CTC.A. CIBC lowered their price objective on shares of Canadian Tire from C$153.00 to C$150.00 and set a “neutral” rating on the stock in a research report on Friday, February 16th. TD Securities dropped their price target on shares of Canadian Tire from C$160.00 to C$155.00 and set a “hold” rating on the stock in a research note on Friday, February 16th. National Bankshares dropped their target price on Canadian Tire from C$146.00 to C$144.00 and set a “sector perform” rating on the stock in a research report on Monday, April 29th. Desjardins reduced their price target on Canadian Tire from C$170.00 to C$160.00 and set a “buy” rating for the company in a report on Friday, February 16th. Finally, BMO Capital Markets lowered Canadian Tire from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from C$170.00 to C$150.00 in a report on Tuesday, February 20th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of C$142.63.
Check Out Our Latest Research Report on Canadian Tire
Canadian Tire Price Performance
Insiders Place Their Bets
In other news, Director Steve Frazier purchased 400 shares of the company’s stock in a transaction dated Wednesday, February 21st. The stock was acquired at an average price of C$103.73 per share, for a total transaction of C$41,490.00. 2.93% of the stock is owned by company insiders.
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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