TD Securities Issues Positive Forecast for Canadian Tire (TSE:CTC.A) Stock Price

Canadian Tire (TSE:CTC.A) had its price target upped by TD Securities from C$175.00 to C$182.00 in a report released on Thursday,BayStreet.CA reports. The firm currently has a buy rating on the stock.

Several other research firms also recently issued reports on CTC.A. BMO Capital Markets upped their price objective on shares of Canadian Tire from C$152.00 to C$170.00 in a research note on Thursday. CIBC increased their target price on shares of Canadian Tire from C$160.00 to C$165.00 in a research note on Friday, November 8th. Finally, 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. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of C$150.67.

Canadian Tire Stock Performance

TSE CTC.A opened at C$165.88 on Thursday. The company has a debt-to-equity ratio of 173.58, a current ratio of 1.79 and a quick ratio of 1.15. Canadian Tire has a 1 year low of C$126.25 and a 1 year high of C$169.27. The company has a market capitalization of C$8.66 billion, a PE ratio of 24.22, a P/E/G ratio of 0.35 and a beta of 1.33. The company has a fifty day moving average of C$156.73 and a two-hundred day moving average of C$153.80.

Insider Buying and Selling

In related news, Director Steve Frazier bought 350 shares of the company’s stock in a transaction on Friday, December 13th. The stock was bought at an average cost of C$152.56 per share, with a total value of C$53,397.68. 1.90% of the stock is currently owned by corporate insiders.

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.