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Canadian Tire Corp: Stocks Overvalued by Analyst Consensus on TSX (CTC)

AI-generated - The Globe and Mail - Sat Aug 17, 7:52PM CDT

Canadian Tire Corp Ltd is among the group of overvalued stocks on the Toronto Stock Exchange. This means the consensus value for each stock on this list is below its current price.

This report is generated monthly. It provides the close price and target price for these companies along with the number of analysts covering the stock. Also included is the fiscal year for the target price as sometimes these analyst targets are not for the current or even the next fiscal year. Stocks in this category are generally sold to preserve capital.

There may be a number of reasons why a company would be on this list. Companies with a large analyst following with a difference in price versus target are worth exploring in more detail.

SymbolNameTarget YearClose PriceTarget Price MeanCurrencyTarget Price # Estimates
TRPTC Energy Corp202460.7660.125CAD8
IMOImperial Oil Ltd2024104.76104.0909CAD11
DOLDollarama Inc2024135.64130.5556CAD9
FTSFortis Inc202459.9459.6667CAD6
HHydro One Ltd202444.3141.7143CAD7
CTCCanadian Tire Corp Ltd2024225163.125CAD8
NWCThe North West Co Inc202445.5645.3333CAD3
ZZZSleep Country Canada Holdings Inc202435.0435CAD5
CRCrew Energy Inc20247.136.925CAD8
FSZFiera Capital Corp20248.17.9583CAD6
WEEDCanopy Growth Corp20259.696.9375CAD4
AX-UNArtis Real Estate Investment Trust20246.786.5CAD1
ACBAurora Cannabis Inc20259.559.25CAD4
FCD-UNFirm Capital Property Trust20245.395.25CAD1
WRGWestern Energy Services Corp20243.053CAD1
INO-UNInovalis Real Estate Investment Trust20241.251CAD1
SOT-UNSlate Office REIT20240.3350.15CAD3

All data provided as of August 16, 2024.

More about Canadian Tire Corp Ltd

Canadian Tire is a leading general merchandise retailer with over 1,400 affiliated stores across Canada. The firm operates about 650 stores, with the remaining operated by franchisees or third-party dealers. The retailer boasts a wide array of owned and affiliated banners that include its iconic namesake brand, Mark's, Sport Chek, Sports Experts, PartSource, Party City, and Helly Hansen.

Canadian Tire Corp Ltd is listed under CTC on the Toronto Stock Exchange.

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Report on Business scans market data using algorithms to process large quantities of information. The results are specialized reports produced through automation. Ongoing ROB project experiments that leverage artificial intelligence include valuation screens across 14 categories and end-of-day Closing Summary reports for all North American securities.