Canadian Tire (CTC.A) Price Target Lowered to C$195.00 at TD Securities

Canadian Tire (TSE:CTC.A) had its target price reduced by TD Securities from C$200.00 to C$195.00 in a report released on Friday morning, BayStreet.CA reports. They currently have a buy rating on the stock.

Several other brokerages also recently issued reports on CTC.A. National Bank Financial cut their price objective on Canadian Tire from C$181.00 to C$180.00 and set an outperform rating for the company in a research report on Thursday, January 31st. BMO Capital Markets downgraded Canadian Tire from an outperform rating to a market perform rating and cut their price objective for the company from C$192.00 to C$158.00 in a research report on Friday, February 15th. CIBC cut their price objective on Canadian Tire from C$181.00 to C$170.00 in a research report on Friday, February 15th. Royal Bank of Canada cut their price objective on Canadian Tire from C$203.00 to C$197.00 and set an outperform rating for the company in a research report on Monday, April 29th. Finally, Barclays downgraded Canadian Tire from an overweight rating to an equal weight rating and cut their price objective for the company from C$193.00 to C$166.00 in a research report on Monday, February 11th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of Buy and an average price target of C$176.00.

Shares of CTC.A opened at C$141.28 on Friday. The company has a quick ratio of 1.17, a current ratio of 1.61 and a debt-to-equity ratio of 157.36. Canadian Tire has a 52-week low of C$140.60 and a 52-week high of C$180.21. The firm has a market capitalization of $8.53 billion and a price-to-earnings ratio of 13.07.



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.

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