Desjardins Boosts Canadian Tire (OTCMKTS:CDNAF) Price Target to $195.00

Canadian Tire (OTCMKTS:CDNAF) had its target price upped by Desjardins from $180.00 to $195.00 in a research report released on Monday, The Fly reports. Desjardins currently has a buy rating on the stock.

A number of other equities research analysts have also recently commented on CDNAF. BMO Capital Markets increased their target price on Canadian Tire from $136.00 to $157.00 and gave the company a market perform rating in a report on Friday, November 6th. Canaccord Genuity increased their target price on Canadian Tire from $145.00 to $160.00 and gave the company a hold rating in a report on Friday, November 6th. Scotiabank increased their target price on Canadian Tire from $185.00 to $205.00 and gave the company an outperform rating in a report on Friday. TD Securities increased their target price on Canadian Tire from $185.00 to $210.00 and gave the company a buy rating in a report on Wednesday, January 13th. Finally, Royal Bank of Canada increased their target price on Canadian Tire from $198.00 to $211.00 and gave the company an outperform rating in a report on Friday. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock has a consensus rating of Buy and a consensus price target of $183.50.

OTCMKTS CDNAF opened at $136.53 on Monday. Canadian Tire has a 1-year low of $46.80 and a 1-year high of $143.44. The business has a 50 day moving average price of $136.58 and a 200 day moving average price of $118.63.

Canadian Tire Company Profile

Canadian Tire Corporation, Limited provides a range of retail goods and services in Canada. The company operates in three segments: Retail, CT REIT, and Financial Services. The Retail segment retails general merchandise, apparel, footwear, sporting goods, and petroleum under the Canadian Tire, PartSource, Petroleum, Gas+, Party City, Mark’s, Mark’s Work Wearhouse, L’Ãquipeur, Helly Hansen, SportChek, Sports Experts, Atmosphere, Pro Hockey Life, National Sports, Sports Rousseau, and Hockey Experts banners.

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