BMO Capital Markets Issues Positive Forecast for Canadian Tire (TSE:CTC.A) Stock Price

Canadian Tire (TSE:CTC.A) had its price target boosted by BMO Capital Markets from C$152.00 to C$170.00 in a research note released on Thursday morning,BayStreet.CA reports.

CTC.A has been the topic of several other reports. Royal Bank of Canada raised their price target on shares of Canadian Tire from C$188.00 to C$192.00 in a research report on Friday, November 8th. CIBC raised their price objective on shares of Canadian Tire from C$160.00 to C$165.00 in a report on Friday, November 8th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of C$150.67.

Canadian Tire Stock Performance

TSE CTC.A opened at C$165.88 on Thursday. 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 firm has a market capitalization of C$8.66 billion, a price-to-earnings ratio of 24.22, a P/E/G ratio of 0.35 and a beta of 1.33. The company’s fifty day moving average is C$156.73 and its two-hundred day moving average is C$153.80. Canadian Tire has a 52-week low of C$126.25 and a 52-week high of C$169.27.

Insider Activity at Canadian Tire

In other news, Director Steve Frazier purchased 350 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The stock was purchased at an average cost of C$152.56 per share, with a total value of C$53,397.68. 1.90% of the stock is currently owned by 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.