Canadian Tire (TSE:CTC.A) Given New C$220.00 Price Target at CIBC

Canadian Tire (TSE:CTC.AGet Rating) had its price target trimmed by CIBC from C$244.00 to C$220.00 in a research report report published on Tuesday morning, BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

CTC.A has been the subject of several other research reports. Canaccord Genuity Group upped their target price on Canadian Tire from C$218.00 to C$222.00 in a research report on Friday, February 18th. Royal Bank of Canada boosted their price target on Canadian Tire from C$255.00 to C$260.00 and gave the stock an outperform rating in a research note on Friday, February 18th. National Bankshares cut their price target on Canadian Tire from C$236.00 to C$212.00 and set an outperform rating on the stock in a research note on Tuesday. Scotiabank boosted their price target on Canadian Tire from C$270.00 to C$273.00 in a research note on Thursday, March 17th. Finally, Boenning Scattergood boosted their price target on Canadian Tire from C$234.00 to C$244.00 and gave the stock a buy rating in a research note on Friday, February 18th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, Canadian Tire has an average rating of Buy and an average target price of C$225.82.

Shares of TSE CTC.A opened at C$175.64 on Tuesday. Canadian Tire has a 1-year low of C$163.70 and a 1-year high of C$213.49. The business has a 50-day moving average of C$183.03 and a 200-day moving average of C$181.49. The company has a debt-to-equity ratio of 162.13, a current ratio of 1.72 and a quick ratio of 1.30. The company has a market capitalization of C$10.56 billion and a price-to-earnings ratio of 9.56.

Canadian Tire Company Profile (Get Rating)

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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