Canadian Tire Co. Limited (TSE:CTC.A - Get Free Report)'s share price reached a new 52-week high on Tuesday . The stock traded as high as C$191.89 and last traded at C$190.35, with a volume of 15570 shares. The stock had previously closed at C$189.73.
Analyst Upgrades and Downgrades
Several brokerages recently issued reports on CTC.A. Jefferies Financial Group increased their price target on Canadian Tire from C$140.00 to C$164.00 in a report on Friday, May 9th. National Bankshares increased their target price on Canadian Tire from C$173.00 to C$204.00 and gave the company a "sector perform" rating in a research note on Wednesday. BMO Capital Markets upped their price target on shares of Canadian Tire from C$170.00 to C$175.00 in a report on Friday, May 9th. Desjardins upped their price target on Canadian Tire from C$170.00 to C$175.00 and gave the company a "buy" rating in a research report on Friday, May 9th. Finally, TD Securities lifted their target price on Canadian Tire from C$170.00 to C$181.00 and gave the company a "buy" rating in a research note on Friday, May 9th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of C$175.00.
View Our Latest Stock Analysis on CTC.A
Canadian Tire Stock Performance
The company has a market cap of C$9.98 billion, a price-to-earnings ratio of 27.90, a price-to-earnings-growth ratio of 0.35 and a beta of 1.33. The company has a debt-to-equity ratio of 173.58, a current ratio of 1.79 and a quick ratio of 1.15. The stock has a 50-day moving average price of C$176.20 and a 200 day moving average price of C$159.96.
Insider Activity at Canadian Tire
In other Canadian Tire news, Director Steve Frazier bought 450 shares of the firm's stock in a transaction on Monday, June 9th. The shares were purchased at an average price of C$178.77 per share, for a total transaction of C$80,447.09. 1.90% of the stock is currently owned by company insiders.
About Canadian Tire
(
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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.
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