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

AI-generated - The Globe and Mail - Fri May 24, 11:32PM 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
NANational Bank of Canada2024113.96113.7778CAD9
DOLDollarama Inc2024123.98117.3333CAD9
CTCCanadian Tire Corp Ltd2024245156CAD8
SILSilverCrest Metals Inc202411.7811.6786CAD7
WEEDCanopy Growth Corp202512.535.25CAD4
ACBAurora Cannabis Inc20258.848.4CAD5
MRT-UNMorguard Real Estate Investment Trust20245.315.25CAD2
AIDXHealwell AI Inc20241.661.2833CAD3
PTMPlatinum Group Metals Ltd20252.272.25CAD1
FCD-UNFirm Capital Property Trust20245.14.75CAD1
TRZTransat AT Inc20243.162.925CAD4
PEAPieridae Energy Ltd20240.4950.45CAD1
PMTPerpetual Energy Inc20240.510.5CAD2
INO-UNInovalis Real Estate Investment Trust20241.021CAD1

All data provided as of May 24, 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.