Canadian Tire (TSE:CTC.A) Reaches New 1-Year High - Time to Buy?

Canadian Tire Co. Limited (TSE:CTC.A - Get Free Report) hit a new 52-week high during trading on Monday . The stock traded as high as C$185.69 and last traded at C$185.61, with a volume of 144600 shares changing hands. The stock had previously closed at C$182.75.

Analyst Ratings Changes

CTC.A has been the subject of several recent research reports. TD Securities boosted their price target on Canadian Tire from C$170.00 to C$181.00 and gave the company a "buy" rating in a research note on Friday, May 9th. National Bankshares boosted their target price on Canadian Tire from C$70.00 to C$174.00 and gave the stock a "sector perform" rating in a report on Friday, March 7th. Jefferies Financial Group boosted their target price on Canadian Tire from C$140.00 to C$164.00 in a report on Friday, May 9th. BMO Capital Markets boosted their target price on Canadian Tire from C$170.00 to C$175.00 in a report on Friday, May 9th. Finally, Desjardins boosted 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. 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, the stock has an average rating of "Moderate Buy" and an average price target of C$171.25.

Canadian Tire Stock Performance

The stock has a market capitalization of C$9.54 billion, a P/E ratio of 26.69, a P/E/G ratio of 0.35 and a beta of 1.33. The stock has a 50 day simple moving average of C$168.90 and a two-hundred day simple moving average of C$157.55. The company has a quick ratio of 1.15, a current ratio of 1.79 and a debt-to-equity ratio of 173.58.

Insiders Place Their Bets

In other news, Director Steve Frazier purchased 450 shares of Canadian Tire stock in a transaction dated Monday, June 9th. The shares were bought at an average cost of C$178.77 per share, for a total transaction of C$80,447.09. 1.90% of the stock is owned by corporate insiders.

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.