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

AI-generated - The Globe and Mail - Sat Jun 22, 7:40PM 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
CTCCanadian Tire Corp Ltd2024218156CAD8
PLCPark Lawn Corp202426.0525.5CAD7
WEEDCanopy Growth Corp20259.397.1CAD5
NRR-UNNorthview Residential REIT202417.2316.5CAD1
MRT-UNMorguard Real Estate Investment Trust20245.335.25CAD2
PTMPlatinum Group Metals Ltd20252.432.25CAD1
FCD-UNFirm Capital Property Trust20244.984.75CAD1

All data provided as of June 21, 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.

Artificial intelligence at Report on Business

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.