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$192.80 and last traded at C$191.58, with a volume of 9983 shares trading hands. The stock had previously closed at C$191.48.
Wall Street Analyst Weigh In
A number of equities research analysts have recently issued reports on the company. BMO Capital Markets upped their price target on Canadian Tire from C$170.00 to C$175.00 in a research report on Friday, May 9th. National Bankshares increased their price objective 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, July 16th. TD Securities raised their target price 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. Jefferies Financial Group raised their price objective on Canadian Tire from C$140.00 to C$164.00 in a report on Friday, May 9th. Finally, Desjardins raised their price objective on shares of 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. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of C$175.00.
Read Our Latest Stock Analysis on CTC.A
Canadian Tire Trading Down 0.2%
The company has a market cap of C$10.04 billion, a price-to-earnings ratio of 28.08, a price-to-earnings-growth ratio of 0.35 and a beta of 1.33. The company's fifty day moving average price is C$179.46 and its two-hundred day moving average price is C$161.30. The company has a quick ratio of 1.15, a current ratio of 1.79 and a debt-to-equity ratio of 173.58.
Insider Activity at Canadian Tire
In other news, Director Steve Frazier acquired 450 shares of the firm's stock in a transaction that occurred on Monday, June 9th. The stock was 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 corporate insiders.
Canadian Tire Company Profile
(
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.
Further Reading
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