Shares of Canadian Tire Co. Limited (TSE:CTC.A – Get Free Report) have earned an average recommendation of “Hold” from the eight research firms that are currently covering the firm, Marketbeat reports. Five analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is C$142.63.
Several brokerages have issued reports on CTC.A. CIBC lowered their price objective on shares of Canadian Tire from C$153.00 to C$150.00 and set a “neutral” rating on the stock in a research report on Friday, February 16th. TD Securities dropped their price target on Canadian Tire from C$160.00 to C$155.00 and set a “hold” rating on the stock in a research report on Friday, February 16th. Desjardins decreased their price objective on Canadian Tire from C$170.00 to C$160.00 and set a “buy” rating for the company in a research report on Friday, February 16th. National Bankshares dropped their target price on Canadian Tire from C$146.00 to C$144.00 and set a “sector perform” rating on the stock in a report on Monday, April 29th. Finally, Royal Bank of Canada decreased their price target on Canadian Tire from C$199.00 to C$195.00 and set an “outperform” rating for the company in a report on Friday, February 16th.
Read Our Latest Stock Report on CTC.A
Canadian Tire Price Performance
Insider Buying and Selling
In related news, Director Steve Frazier purchased 400 shares of the business’s stock in a transaction dated Wednesday, February 21st. The stock was acquired at an average price of C$103.73 per share, for a total transaction of C$41,490.00. 2.93% of the stock is currently owned by corporate insiders.
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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