National Bankshares Trims Canadian Tire (TSE:CTC.A) Target Price to C$144.00

Canadian Tire (TSE:CTC.A) had its price objective reduced by equities research analysts at National Bankshares from C$146.00 to C$144.00 in a research note issued on Monday, BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. National Bankshares’ target price would suggest a potential upside of 8.28% from the stock’s current price.

A number of other research analysts also recently commented on the company. Canaccord Genuity Group downgraded Canadian Tire from a “buy” rating to a “hold” rating and reduced their price target for the company from C$167.00 to C$154.00 in a report on Wednesday, February 7th. CIBC reduced their price target on Canadian Tire from C$153.00 to C$150.00 and set a “neutral” rating for the company in a report on Friday, February 16th. TD Securities reduced their price target on Canadian Tire from C$160.00 to C$155.00 and set a “hold” rating for the company in a report on Friday, February 16th. BMO Capital Markets cut Canadian Tire from an “outperform” rating to a “market perform” rating and cut their price objective for the company from C$170.00 to C$150.00 in a research note on Tuesday, February 20th. Finally, Desjardins cut their price objective on Canadian Tire from C$170.00 to C$160.00 and set a “buy” rating on the stock in a research note on Friday, February 16th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Canadian Tire has a consensus rating of “Hold” and a consensus target price of C$162.22.

Canadian Tire Price Performance

Shares of TSE CTC.A opened at C$132.99 on Monday. Canadian Tire has a 1-year low of C$126.25 and a 1-year high of C$189.82. The business has a 50-day moving average of C$134.58 and a 200-day moving average of C$139.34. The company has a debt-to-equity ratio of 180.91, a current ratio of 1.77 and a quick ratio of 1.15. The company has a market capitalization of C$6.94 billion, a price-to-earnings ratio of 35.18, a PEG ratio of 2.10 and a beta of 1.37.

Insider Buying and Selling

In other news, Director Steve Frazier acquired 400 shares of the business’s stock in a transaction that occurred on Wednesday, February 21st. The stock was acquired at an average cost of C$103.73 per share, for a total transaction of C$41,490.00. 2.93% of the stock is 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.