CIBC Boosts Canadian Tire (TSE:CTC.A) Price Target to C$165.00

Canadian Tire (TSE:CTC.A) had its target price raised by research analysts at CIBC from C$160.00 to C$165.00 in a research note issued on Friday,BayStreet.CA reports. CIBC’s price target indicates a potential upside of 7.14% from the company’s previous close.

Several other research firms also recently weighed in on CTC.A. Royal Bank of Canada lifted their price objective on Canadian Tire from C$188.00 to C$192.00 in a report on Friday. TD Securities raised shares of Canadian Tire from a “hold” rating to a “buy” rating and upped their price target for the stock from C$160.00 to C$175.00 in a research report on Friday, August 9th. Desjardins increased their price objective on shares of Canadian Tire from C$165.00 to C$175.00 in a research note on Friday, August 9th. National Bankshares boosted their price objective on shares of Canadian Tire from C$146.00 to C$158.00 in a research note on Friday, August 9th. Finally, Jefferies Financial Group increased their target price on Canadian Tire from C$121.00 to C$126.00 in a research report on Friday, August 9th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, Canadian Tire presently has an average rating of “Moderate Buy” and a consensus target price of C$147.89.

Canadian Tire Trading Up 0.9 %

CTC.A opened at C$154.00 on Friday. Canadian Tire has a 52 week low of C$126.25 and a 52 week high of C$163.00. The company has a market capitalization 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 stock’s fifty day moving average is C$156.80 and its two-hundred day moving average is C$146.31. The company has a quick ratio of 1.15, a current ratio of 1.79 and a debt-to-equity ratio of 173.58.

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.