Canadian Tire (TSE:CTC.A) Price Target Lowered to C$140.00 at Jefferies Financial Group

Canadian Tire (TSE:CTC.A) had its price objective decreased by analysts at Jefferies Financial Group from C$145.00 to C$140.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. Jefferies Financial Group’s target price would indicate a potential downside of 3.63% from the stock’s current price.

Several other research analysts have also recently weighed in on the stock. National Bankshares boosted their price target on shares of Canadian Tire from C$70.00 to C$174.00 and gave the company a “sector perform” rating in a research report on Friday. BMO Capital Markets upgraded Canadian Tire from a “market perform” rating to an “outperform” rating and set a C$170.00 price objective for the company in a research report on Thursday, February 20th. TD Securities decreased their price target on Canadian Tire from C$182.00 to C$176.00 and set a “buy” rating on the stock in a research note on Friday, February 14th. Royal Bank of Canada increased their target price on shares of Canadian Tire from C$188.00 to C$192.00 in a research note on Friday, November 8th. Finally, Canaccord Genuity Group decreased their price objective on shares of Canadian Tire from C$158.00 to C$153.00 in a report on Thursday, February 20th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$152.40.

Canadian Tire Price Performance

CTC.A stock traded up C$0.96 during mid-day trading on Friday, reaching C$145.27. The company’s stock had a trading volume of 111,224 shares, compared to its average volume of 345,847. The company has a current ratio of 1.79, a quick ratio of 1.15 and a debt-to-equity ratio of 173.58. The company’s 50 day moving average is C$154.54 and its two-hundred day moving average is C$154.92. The stock has a market cap of C$7.58 billion, a PE ratio of 21.21, a P/E/G ratio of 0.35 and a beta of 1.33. Canadian Tire has a fifty-two week low of C$126.25 and a fifty-two week high of C$169.27.

Insider Transactions at Canadian Tire

In related news, Director Steve Frazier acquired 350 shares of the business’s stock in a transaction on Friday, December 13th. The shares were bought at an average price of C$152.56 per share, with a total value of C$53,397.68. Corporate insiders own 1.90% of the company’s stock.

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.