Canadian Tire (TSE:CTC.A) Price Target Raised to C$192.00 at Royal Bank of Canada

Canadian Tire (TSE:CTC.A) had its target price upped by Royal Bank of Canada from C$188.00 to C$192.00 in a report released on Friday morning,BayStreet.CA reports.

A number of other equities analysts also recently commented on the stock. CIBC boosted their target price on shares of Canadian Tire from C$153.00 to C$160.00 in a report on Friday, August 9th. Desjardins upped their price target on Canadian Tire from C$165.00 to C$175.00 in a research report on Friday, August 9th. National Bankshares boosted their target price on Canadian Tire from C$146.00 to C$158.00 in a research note on Friday, August 9th. Jefferies Financial Group upped their target price on Canadian Tire from C$121.00 to C$126.00 in a research report on Friday, August 9th. Finally, TD Securities raised Canadian Tire from a “hold” rating to a “buy” rating and raised their price target for the stock from C$160.00 to C$175.00 in a report on Friday, August 9th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$147.89.

Canadian Tire Stock Up 0.9 %

Canadian Tire stock traded up C$1.34 during mid-day trading on Friday, reaching C$154.00. 272,000 shares of the company were exchanged, compared to its average volume of 234,561. The company has a debt-to-equity ratio of 173.58, a quick ratio of 1.15 and a current ratio of 1.79. The firm has a market cap of C$8.04 billion, a P/E ratio of 22.48, a PEG ratio of 0.35 and a beta of 1.33. The business has a fifty day moving average of C$156.80 and a 200 day moving average of C$146.31. Canadian Tire has a 12-month low of C$126.25 and a 12-month high of C$163.00.

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.