CIBC Raises Canadian Tire Co. Limited (CTC.A) Price Target to C$184.00

Canadian Tire Co. Limited (TSE:CTC.A) had its target price increased by equities research analysts at CIBC from C$178.00 to C$184.00 in a note issued to investors on Monday. CIBC’s price target indicates a potential upside of 12.83% from the stock’s previous close.

Other research analysts also recently issued reports about the stock. Eight Capital boosted their price objective on shares of Canadian Tire Co. Limited from C$175.00 to C$180.00 in a research report on Monday. National Bank Financial boosted their price objective on shares of Canadian Tire Co. Limited from C$179.00 to C$181.00 and gave the company an “outperform” rating in a research report on Friday. BMO Capital Markets boosted their price objective on shares of Canadian Tire Co. Limited from C$179.00 to C$182.00 in a research report on Friday, August 11th. Desjardins upped their price target on shares of Canadian Tire Co. Limited from C$169.00 to C$184.00 in a report on Friday, August 11th. Finally, TD Securities upped their price target on shares of Canadian Tire Co. Limited from C$190.00 to C$195.00 and gave the stock a “buy” rating in a report on Friday. One research analyst has rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Canadian Tire Co. Limited currently has an average rating of “Buy” and a consensus price target of C$182.00.

Shares of Canadian Tire Co. Limited (CTC.A) traded up C$1.18 on Monday, reaching C$163.07. 180,797 shares of the company’s stock traded hands, compared to its average volume of 167,834. Canadian Tire Co. Limited has a 1-year low of C$135.76 and a 1-year high of C$171.91.

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About Canadian Tire Co. Limited

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 Co. Limited (TSE:CTC.A)

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