Barclays downgraded shares of Canadian Tire (TSE:CTC.A) from an overweight rating to an equal weight rating in a research report released on Monday. Barclays currently has C$166.00 target price on the stock, down from their prior target price of C$193.00.
Other equities research analysts have also recently issued reports about the stock. CIBC cut their price objective on shares of Canadian Tire from C$188.00 to C$179.00 in a research report on Monday, October 29th. National Bank Financial cut their price objective on shares of Canadian Tire from C$187.00 to C$179.00 and set an outperform rating for the company in a research report on Monday, October 29th. Raymond James cut their price objective on shares of Canadian Tire from C$198.00 to C$181.00 and set an outperform rating for the company in a research report on Wednesday, November 7th. Finally, Royal Bank of Canada increased their target price on shares of Canadian Tire from C$201.00 to C$203.00 in a research note on Monday, February 4th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company has a consensus rating of Buy and an average target price of C$185.36.
Canadian Tire stock opened at C$147.01 on Monday. Canadian Tire has a 12-month low of C$140.60 and a 12-month high of C$180.21. The stock has a market cap of $8.87 billion and a P/E ratio of 13.60. 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 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, and petroleum under the Canadian Tire, Canadian Tire Gas, Mark's, PartSource, and FGL banners.
Recommended Story: Differences Between Momentum Investing and Long Term Investing
Receive News & Ratings for Canadian Tire Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canadian Tire and related companies with MarketBeat.com's FREE daily email newsletter.