Canadian Tire (TSE:CTC.A) Price Target Increased to C$194.00 by Analysts at BMO Capital Markets

Canadian Tire (TSE:CTC.A) had its price target lifted by research analysts at BMO Capital Markets from C$182.00 to C$194.00 in a report released on Friday, February 16th. BMO Capital Markets’ target price would indicate a potential upside of 13.36% from the stock’s previous close.

Other research analysts have also recently issued research reports about the company. Scotiabank increased their price objective on Canadian Tire from C$168.00 to C$176.00 and gave the stock a “sector perform” rating in a research report on Friday, November 10th. Desjardins upped their target price on Canadian Tire from C$184.00 to C$200.00 in a report on Friday, February 16th. Canaccord Genuity reaffirmed a “buy” rating and set a C$190.00 price objective on shares of Canadian Tire in a research note on Friday, February 16th. Barclays increased their price objective on Canadian Tire from C$173.00 to C$178.00 in a research note on Monday, November 13th. Finally, National Bank Financial increased their target price on Canadian Tire from C$179.00 to C$181.00 and gave the stock an “outperform” rating in a research report on Friday, November 10th. One research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of C$191.55.

Shares of Canadian Tire (CTC.A) traded up C$0.36 on Friday, reaching C$171.13. The company had a trading volume of 122,997 shares, compared to its average volume of 244,291. Canadian Tire has a 52-week low of C$140.60 and a 52-week high of C$180.21. The firm has a market capitalization of $11,620.00, a P/E ratio of 15.93 and a beta of 0.68.

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Canadian Tire Company Profile

Canadian Tire Corporation, Limited is a Canada-based company, which operates through a range of businesses. The Company’s segments include Retail, CT REIT and Financial Services. Its retail segment operates through its retail banners, including Canadian Tire, PartSource, Petroleum, Mark’s, and the various FGL Sports banners.

Analyst Recommendations for Canadian Tire (TSE:CTC.A)

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