BMO Capital Markets Cuts Canadian Tire (TSE:CTC.A) Price Target to C$155.00

Canadian Tire (TSE:CTC.A) had its price objective cut by BMO Capital Markets from C$170.00 to C$155.00 in a research report report published on Friday morning,BayStreet.CA reports.

Several other brokerages also recently weighed in on CTC.A. Royal Bank of Canada lifted their target price on shares of Canadian Tire from C$188.00 to C$192.00 in a report on Friday, November 8th. Canaccord Genuity Group lifted their price objective on Canadian Tire from C$157.00 to C$160.00 and gave the company a “hold” rating in a report on Monday, February 10th. TD Securities cut 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 note on Friday. Finally, CIBC raised their price target on Canadian Tire from C$160.00 to C$165.00 in a report on Friday, November 8th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of C$148.60.

Canadian Tire Price Performance

Shares of TSE CTC.A opened at C$143.99 on Friday. The company has a debt-to-equity ratio of 173.58, a current ratio of 1.79 and a quick ratio of 1.15. The company has a market cap of C$7.52 billion, a PE ratio of 21.02, a P/E/G ratio of 0.35 and a beta of 1.33. The stock has a fifty day moving average price of C$157.29 and a 200 day moving average price of C$154.96. Canadian Tire has a 1-year low of C$126.25 and a 1-year high of C$169.27.

Insider Transactions at Canadian Tire

In other Canadian Tire news, Director Steve Frazier bought 350 shares of the company’s stock in a transaction on Friday, December 13th. The stock was purchased at an average cost 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.

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.