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Canadian Tire (TSE:CTC) Reaches New 1-Year High - Should You Buy?

Canadian Tire logo with Consumer Cyclical background

Shares of Canadian Tire Co., Limited (TSE:CTC - Get Free Report) hit a new 52-week high on Tuesday . The company traded as high as C$255.00 and last traded at C$255.00, with a volume of 691 shares. The stock had previously closed at C$246.00.

Analyst Upgrades and Downgrades

CTC has been the subject of several research analyst reports. Scotiabank set a C$140.00 price objective on Canadian Tire and gave the stock an "underperform" rating in a research report on Friday, February 7th. BMO Capital Markets upgraded shares of Canadian Tire from a "hold" rating to a "strong-buy" rating in a report on Thursday, February 20th.

Check Out Our Latest Stock Analysis on Canadian Tire

Canadian Tire Stock Up 0.8%

The firm has a 50 day moving average of C$225.12 and a two-hundred day moving average of C$222.00. The stock has a market capitalization of C$10.10 billion, a PE ratio of 15.15, a P/E/G ratio of 0.49 and a beta of 1.33. The company has a current ratio of 1.60, a quick ratio of 1.15 and a debt-to-equity ratio of 150.68.

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.

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