Canadian Tire Co. Limited (CTC.A) Receives Consensus Rating of “Buy” from Analysts

Shares of Canadian Tire Co. Limited (TSE:CTC.A) have been given an average rating of “Buy” by the eleven brokerages that are presently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is C$178.73.

Several equities research analysts have issued reports on the stock. National Bank Financial lowered their target price on shares of Canadian Tire Co. Limited from C$178.00 to C$172.00 and set an “outperform” rating on the stock in a research note on Monday, August 14th. Eight Capital lifted their target price on shares of Canadian Tire Co. Limited from C$165.00 to C$170.00 and gave the stock a “buy” rating in a research note on Friday, August 11th. CIBC lowered their target price on shares of Canadian Tire Co. Limited from C$185.00 to C$178.00 and set an “outperform” rating on the stock in a research note on Thursday, August 17th. Raymond James Financial, Inc. lifted their target price on shares of Canadian Tire Co. Limited from C$180.00 to C$185.00 and gave the stock an “outperform” rating in a research note on Friday, August 11th. Finally, BMO Capital Markets lifted their target price on shares of Canadian Tire Co. Limited from C$179.00 to C$182.00 in a research note on Friday, August 11th.

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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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