Barclays Boosts Canadian Tire (CTC.A) Price Target to C$180.00

Canadian Tire (TSE:CTC.A) had its price target increased by research analysts at Barclays from C$178.00 to C$180.00 in a report released on Tuesday. Barclays’ price objective indicates a potential upside of 11.27% from the company’s previous close.

Several other brokerages have also recently commented on CTC.A. Royal Bank of Canada lifted their price objective on shares of Canadian Tire from C$190.00 to C$196.00 and gave the company an “outperform” rating in a research note on Wednesday, February 7th. TD Securities lifted their price objective on shares of Canadian Tire from C$195.00 to C$200.00 and gave the company a “buy” rating in a research note on Thursday, February 8th. CIBC lifted their price objective on shares of Canadian Tire from C$178.00 to C$184.00 in a research note on Monday, November 13th. Eight Capital lifted their price objective on shares of Canadian Tire from C$175.00 to C$180.00 in a research note on Monday, November 13th. Finally, Scotiabank lifted their price objective on shares of Canadian Tire from C$168.00 to C$176.00 and gave the company a “sector perform” rating in a research note on Friday, November 10th. One research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of C$183.73.

Shares of Canadian Tire (TSE CTC.A) traded down C$0.78 during midday trading on Tuesday, reaching C$161.77. 74,833 shares of the company’s stock traded hands, compared to its average volume of 220,299. Canadian Tire has a twelve month low of C$140.60 and a twelve month high of C$175.73. The firm has a market cap of $11,080.00, a PE ratio of 16.02 and a beta of 0.71.

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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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