Shares of Canadian Tire Co. Limited (TSE:CTC.A - Get Free Report) hit a new 52-week high on Tuesday . The company traded as high as C$170.55 and last traded at C$169.80, with a volume of 18400 shares changing hands. The stock had previously closed at C$168.68.
Analysts Set New Price Targets
A number of research analysts have recently weighed in on CTC.A shares. Canaccord Genuity Group dropped their price target on Canadian Tire from C$158.00 to C$153.00 in a research report on Thursday, February 20th. TD Securities lifted their price objective 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. Desjardins lifted their price objective on Canadian Tire from C$170.00 to C$175.00 and gave the stock a "buy" rating in a research report on Friday, May 9th. Jefferies Financial Group lifted their price objective on Canadian Tire from C$140.00 to C$164.00 in a research report on Friday, May 9th. Finally, CIBC dropped their price objective on Canadian Tire from C$165.00 to C$156.00 in a research report on Friday, February 14th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Canadian Tire has an average rating of "Moderate Buy" and a consensus target price of C$171.25.
Check Out Our Latest Stock Analysis on CTC.A
Canadian Tire Price Performance
The company's fifty day moving average is C$153.57 and its two-hundred day moving average is C$153.24. 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 firm has a market cap of C$9.07 billion, a price-to-earnings ratio of 25.35, a price-to-earnings-growth ratio of 0.35 and a beta of 1.33.
Canadian Tire Company Profile
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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.
See Also
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