Canadian Tire Co. Limited (TSE:CTC.A - Get Free Report) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$191.89 and last traded at C$190.35, with a volume of 15570 shares trading hands. The stock had previously closed at C$189.73.
Wall Street Analysts Forecast Growth
A number of analysts have weighed in on the company. BMO Capital Markets upped their target price on Canadian Tire from C$170.00 to C$175.00 in a report on Friday, May 9th. Desjardins upped their target price on Canadian Tire from C$170.00 to C$175.00 and gave the stock a "buy" rating in a report on Friday, May 9th. TD Securities upped their price target on Canadian Tire from C$170.00 to C$181.00 and gave the stock a "buy" rating in a research report on Friday, May 9th. National Bankshares upped their price target on Canadian Tire from C$173.00 to C$204.00 and gave the stock a "sector perform" rating in a research report on Wednesday. Finally, Jefferies Financial Group upped their price target on Canadian Tire from C$140.00 to C$164.00 in a research report on Friday, May 9th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of C$175.00.
Get Our Latest Research Report on Canadian Tire
Canadian Tire Price Performance
The stock has a market capitalization of C$9.97 billion, a PE ratio of 27.89, a price-to-earnings-growth ratio of 0.35 and a beta of 1.33. The stock's 50 day moving average is C$178.20 and its two-hundred day moving average is C$160.72. The company has a debt-to-equity ratio of 173.58, a quick ratio of 1.15 and a current ratio of 1.79.
Insider Buying and Selling
In other news, Director Steve Frazier purchased 450 shares of the business's stock in a transaction dated Monday, June 9th. The stock was acquired at an average price of C$178.77 per share, for a total transaction of C$80,447.09. Insiders own 1.90% of the company's stock.
About Canadian Tire
(
Get Free Report)
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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