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Canadian Tire (TSE:CTC) Sets New 12-Month High - Still a Buy?

Canadian Tire logo with Consumer Cyclical background

Canadian Tire Co., Limited (TSE:CTC - Get Free Report) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as C$274.01 and last traded at C$266.20, with a volume of 1064 shares trading hands. The stock had previously closed at C$273.99.

Wall Street Analysts Forecast Growth

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.

Read Our Latest Analysis on CTC

Canadian Tire Stock Performance

The firm has a market cap of C$10.25 billion, a P/E ratio of 15.38, a PEG ratio of 0.49 and a beta of 1.33. The company has a debt-to-equity ratio of 150.68, a quick ratio of 1.15 and a current ratio of 1.60. The stock's 50-day moving average is C$238.38 and its 200 day moving average is C$224.84.

Canadian Tire Company Profile

(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.

See Also

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