Canadian Tire (TSE:CTC) Reaches New 12-Month High - Here's Why

Shares of Canadian Tire Co., Limited (TSE:CTC - Get Free Report) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as C$271.00 and last traded at C$271.00, with a volume of 1501 shares traded. The stock had previously closed at C$255.45.

Analyst Upgrades and Downgrades

Separately, BMO Capital Markets upgraded shares of Canadian Tire from a "hold" rating to a "strong-buy" rating in a research report on Thursday, February 20th.

Canadian Tire Stock Up 3.8%

The business has a fifty day simple moving average of C$230.66 and a 200 day simple moving average of C$223.15. The firm has a market cap of C$10.14 billion, a price-to-earnings ratio of 15.21, a PEG ratio of 0.49 and a beta of 1.33. The company has a debt-to-equity ratio of 150.68, a current ratio of 1.60 and a quick ratio of 1.15.

Canadian Tire Company Profile

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.