Canadian Tire (TSE:CTC.A) Price Target Cut to C$153.00 by Analysts at Canaccord Genuity Group

Canadian Tire (TSE:CTC.A) had its target price reduced by Canaccord Genuity Group from C$158.00 to C$153.00 in a research report released on Thursday morning,BayStreet.CA reports.

Other research analysts have also issued research reports about the company. Royal Bank of Canada raised their price objective on Canadian Tire from C$188.00 to C$192.00 in a research report on Friday, November 8th. CIBC dropped their price target on Canadian Tire from C$165.00 to C$156.00 in a research note on Friday, February 14th. BMO Capital Markets raised Canadian Tire from a “market perform” rating to an “outperform” rating and set a C$170.00 price objective on the stock in a research note on Thursday. Finally, TD Securities lowered their target price on Canadian Tire from C$182.00 to C$176.00 and set a “buy” rating for the company in a research report on Friday, February 14th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Canadian Tire has an average rating of “Moderate Buy” and a consensus target price of C$149.40.

Canadian Tire Price Performance

Shares of TSE:CTC.A opened at C$144.92 on Thursday. The firm has a market cap of C$7.56 billion, a price-to-earnings ratio of 21.16, a P/E/G ratio of 0.35 and a beta of 1.33. The firm has a fifty day moving average price of C$156.31 and a 200 day moving average price of C$154.97. Canadian Tire has a fifty-two week low of C$126.25 and a fifty-two week high of C$169.27. The company has a debt-to-equity ratio of 173.58, a quick ratio of 1.15 and a current ratio of 1.79.

Insider Activity

In other news, Director Steve Frazier bought 350 shares of the stock in a transaction dated Friday, December 13th. The stock was purchased at an average price of C$152.56 per share, for a total transaction 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.