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.
