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Canadian Tire (TSE:CTC) Downgraded by TD Securities to Hold

Canadian Tire logo with Consumer Cyclical background

Key Points

  • Canadian Tire has been downgraded by TD Securities from a "strong-buy" to a "hold" rating.
  • As of Friday, Canadian Tire shares opened at C$243.00, and the company has a market cap of C$9.30 billion.
  • The stock has seen a fifty-two week low of C$192.10 and a high of C$274.01, with a PE ratio of 13.95.
  • Want stock alerts on Canadian Tire? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Canadian Tire (TSE:CTC - Get Free Report) was downgraded by investment analysts at TD Securities from a "strong-buy" rating to a "hold" rating in a report issued on Friday,Zacks.com reports.

Canadian Tire Stock Performance

CTC traded down C$8.00 during trading on Friday, reaching C$243.00. 966 shares of the company's stock were exchanged, compared to its average volume of 510. Canadian Tire has a fifty-two week low of C$192.10 and a fifty-two week high of C$274.01. The company has a quick ratio of 1.15, a current ratio of 1.60 and a debt-to-equity ratio of 150.68. The business has a 50 day moving average price of C$258.47 and a 200 day moving average price of C$235.81. The company has a market capitalization of C$9.30 billion, a P/E ratio of 13.95, a PEG ratio of 0.49 and a beta of 1.33.

About Canadian Tire

(Get Free Report)

Canadian Tire Corporation, Limited, TSX: CTC.A TSX: CTC or 'CTC', is a group of companies that includes a Retail segment, a Financial Services division and CT REIT. Our retail business is led by Canadian Tire, which was founded in 1922 and provides Canadians with products for life in Canada across its Living, Playing, Fixing, Automotive and Seasonal & Gardening divisions.

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