Canadian Tire (TSE:CTC.A) Sets New 52-Week High - What's Next?

Canadian Tire Co. Limited (TSE:CTC.A - Get Free Report) shares reached a new 52-week high during trading on Monday . The stock traded as high as C$175.49 and last traded at C$174.15, with a volume of 17423 shares changing hands. The stock had previously closed at C$174.39.

Analyst Ratings Changes

CTC.A has been the subject of several research reports. Canaccord Genuity Group dropped their price objective on shares of Canadian Tire from C$158.00 to C$153.00 in a report on Thursday, February 20th. Jefferies Financial Group increased their price objective on shares of Canadian Tire from C$140.00 to C$164.00 in a report on Friday, May 9th. CIBC lowered their price target on shares of Canadian Tire from C$165.00 to C$156.00 in a report on Friday, February 14th. Desjardins increased their price target on shares of Canadian Tire from C$170.00 to C$175.00 and gave the company a "buy" rating in a report on Friday, May 9th. Finally, TD Securities increased their price target on shares of Canadian Tire from C$170.00 to C$181.00 and gave the company a "buy" rating in a report on Friday, May 9th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, Canadian Tire currently has an average rating of "Moderate Buy" and an average price target of C$171.25.

Canadian Tire Trading Down 0.6%

The company has a debt-to-equity ratio of 173.58, a quick ratio of 1.15 and a current ratio of 1.79. The stock's fifty day moving average is C$154.97 and its 200 day moving average is C$153.70. The stock has a market cap of C$9.01 billion, a P/E ratio of 25.19, a P/E/G ratio of 0.35 and a beta of 1.33.

Canadian Tire Company Profile

Canadian Tire Corporation, Limited provides a range of retail goods and services in Canada. The company operates through three segments: Retail, CT REIT, and Financial Services. The Retail segment retails general merchandise, apparel, footwear, sporting equipment, gasoline, sporting goods and active wear, and workwear under the Canadian Tire, SportChek, Sports Experts, National Sports, Pro Hockey Life, Atmosphere, Mark's, PartSource, Gas+, and Helly Hansen banners.