Canadian Tire (TSE:CTC.A) Reaches New 12-Month High - Still a Buy?

Canadian Tire Co. Limited (TSE:CTC.A - Get Free Report)'s share price hit a new 52-week high on Monday . The stock traded as high as C$273.99 and last traded at C$180.00, with a volume of 159903 shares traded. The stock had previously closed at C$177.99.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on CTC.A. Canaccord Genuity Group reduced their price objective on shares of Canadian Tire from C$158.00 to C$153.00 in a research note on Thursday, February 20th. Jefferies Financial Group upped their price target on Canadian Tire from C$140.00 to C$164.00 in a research note on Friday, May 9th. National Bankshares raised their target price on shares of Canadian Tire from C$70.00 to C$174.00 and gave the company a "sector perform" rating in a research note on Friday, March 7th. BMO Capital Markets boosted their price target on shares of Canadian Tire from C$170.00 to C$175.00 in a research note on Friday, May 9th. Finally, TD Securities increased their price objective on shares of Canadian Tire from C$170.00 to C$181.00 and gave the company a "buy" rating in a report on Friday, May 9th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of C$171.25.

Canadian Tire Stock Up 0.7%

The business's 50 day moving average is C$162.39 and its 200 day moving average is C$155.80. The company has a market cap of C$9.47 billion, a P/E ratio of 26.49, a P/E/G 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.

Insider Activity

In related news, Director Steve Frazier acquired 450 shares of the company's stock in a transaction dated Monday, June 9th. The shares were purchased at an average cost of C$178.77 per share, with a total value of C$80,447.09. Company insiders own 1.90% of the company's stock.

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.