Royal Bank of Canada Increases Canadian Tire (TSE:CTC.A) Price Target to C$203.00

Canadian Tire (TSE:CTC.A) had its price target upped by Royal Bank of Canada from C$201.00 to C$203.00 in a research note published on Monday, February 4th.

A number of other brokerages also recently commented on CTC.A. National Bank Financial lowered their target price on Canadian Tire from C$181.00 to C$180.00 and set an outperform rating on the stock in a research note on Thursday, January 31st. Barclays upped their price target on Canadian Tire from C$190.00 to C$193.00 in a research note on Friday, November 9th. CIBC upped their price target on Canadian Tire from C$179.00 to C$181.00 in a research note on Friday, November 9th. Finally, Raymond James cut their price objective on Canadian Tire from C$198.00 to C$181.00 and set an outperform rating for the company in a research report on Wednesday, November 7th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of Buy and a consensus price target of C$179.40.

Shares of CTC.A stock traded up C$2.62 on Monday, reaching C$147.82. 294,808 shares of the company’s stock traded hands, compared to its average volume of 241,044. Canadian Tire has a 12-month low of C$140.60 and a 12-month high of C$180.21. The company has a current ratio of 1.61, a quick ratio of 1.17 and a debt-to-equity ratio of 157.36. The company has a market capitalization of $8.92 billion and a price-to-earnings ratio of 13.67.

Canadian Tire Company Profile

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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