Canadian Tire (TSE:CTC.A) Hits New 1-Year High - What's Next?

Canadian Tire Co. Limited (TSE:CTC.A - Get Free Report)'s share price hit a new 52-week high on Tuesday . The stock traded as high as C$170.55 and last traded at C$169.80, with a volume of 18400 shares. The stock had previously closed at C$168.68.

Analysts Set New Price Targets

Several analysts have weighed in on CTC.A shares. Desjardins upped their price objective on shares of Canadian Tire from C$170.00 to C$175.00 and gave the stock a "buy" rating in a research note on Friday, May 9th. CIBC reduced their target price on shares of Canadian Tire from C$165.00 to C$156.00 in a research report on Friday, February 14th. Jefferies Financial Group upped their target price on shares of Canadian Tire from C$140.00 to C$164.00 in a research report on Friday, May 9th. National Bankshares upped their target price on shares of Canadian Tire from C$70.00 to C$174.00 and gave the stock a "sector perform" rating in a research report on Friday, March 7th. Finally, TD Securities upped their target price on shares of 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. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Canadian Tire presently has a consensus rating of "Moderate Buy" and a consensus price target of C$171.25.

Canadian Tire Price Performance

The company's fifty day moving average is C$154.47 and its two-hundred day moving average is C$153.52. The firm has a market capitalization of C$9.04 billion, a price-to-earnings ratio of 25.28, a price-to-earnings-growth ratio of 0.35 and a beta of 1.33. The company has a quick ratio of 1.15, a current ratio of 1.79 and a debt-to-equity ratio of 173.58.

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.