Canadian Tire Co. Limited (CTC.A) Given Average Rating of “Buy” by Analysts

Shares of Canadian Tire Co. Limited (TSE:CTC.A) have received a consensus recommendation of “Buy” from the twelve research firms that are presently covering the company, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is C$188.33.

CTC.A has been the topic of a number of research analyst reports. National Bank Financial dropped their price target on shares of Canadian Tire from C$187.00 to C$179.00 and set an “outperform” rating on the stock in a research note on Monday. CIBC dropped their price target on shares of Canadian Tire from C$188.00 to C$179.00 in a research note on Monday. BMO Capital Markets set a C$192.00 price target on shares of Canadian Tire and gave the company an “outperform” rating in a research note on Tuesday, July 24th. Canaccord Genuity set a C$172.00 price target on shares of Canadian Tire in a research note on Friday, August 10th. Finally, Raymond James lifted their price target on shares of Canadian Tire from C$195.00 to C$198.00 and gave the company an “outperform” rating in a research note on Friday, August 10th.

TSE:CTC.A opened at C$149.71 on Thursday. Canadian Tire has a 1-year low of C$140.60 and a 1-year high of C$180.21.

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.

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

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