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RBC Capital Remains a Buy on Canadian Tire (CTC)


Canadian Tire (CTC), was revisited today, and remains undervalued for at least one analyst on the street. Analyst Irene Nattel from RBC Capital rated Canadian Tire (CTC) a Buy, setting a C$201 price target.

According to TipRanks.com, Nattel is a 3-star analyst with an average return of 3.2% and a 51.1% success rate. Nattel covers the Services sector, focusing on stocks such as Loblaw Companies Limited, Canadian Tire Corp Ltd, and Casey’s General.

Currently, the analyst consensus on Canadian Tire is a Moderate Buy with an average price target of C$203.

Canadian Tire’s market cap is currently C$15.08B and has a P/E ratio of 22.7. The company has a Price to Book ratio of 3.49.

Canadian Tire Corp. Ltd. operates as a general merchandise retailer for gasoline, automotive, sports and home products. The company operates through three segments: Retail, CT REIT and Financial Services. The Retail segment comprises of the living, playing, fixing, automotive, seasonal & gardening, apparel and sporting goods categories.

The company’s shares closed on Friday at C$241.80.