Canadian Tire Co., Limited (OTCMKTS:CDNAF) Given Consensus Rating of “Moderate Buy” by Brokerages

Canadian Tire Co., Limited (OTCMKTS:CDNAF – Get Rating) has received a consensus rating of “Moderate Buy” from the nine analysts that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating and two have given a buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $226.11.

CDNAF has been the topic of a number of analyst reports. Desjardins dropped their price target on Canadian Tire from C$234.00 to C$225.00 in a research report on Monday, May 16th. BMO Capital Markets dropped their price target on Canadian Tire from C$187.00 to C$184.00 in a research report on Friday, May 13th. National Bank Financial lowered their price objective on Canadian Tire from C$236.00 to C$212.00 in a research report on Tuesday, May 10th. Canaccord Genuity Group raised Canadian Tire to a “buy” rating and set a $208.00 price objective on the stock in a research report on Friday, May 13th. Finally, Canaccord Genuity Group raised Canadian Tire from a “hold” rating to a “buy” rating and upped their price objective for the company from C$203.00 to C$208.00 in a research report on Friday, May 13th.

Canadian Tire Price Performance

Shares of CDNAF opened at $126.77 on Monday. The business’s 50 day moving average price is $130.27 and its 200-day moving average price is $139.91. Canadian Tire has a 52 week low of $122.26 and a 52 week high of $161.92.

About Canadian Tire (Get Rating)

Canadian Tire Corporation, Limited provides a range of retail goods and services in Canada. It operates in three segments: Retail, CT REIT, and Financial Services. The Retail segment retails automotive maintenance products and accessories, parts, tires as well as automotive repair and roadside assistance; kitchen, home organization, decor and essentials, home electronics, pet, and cleaning and consumable products; tools, hardware, paint, electrical, plumbing, home environment, and smart home products; and outdoor recreation, exercise, footwear and apparel, hunting, fishing, camping, and sporting goods.

Further Reading

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