Canadian Tire Co. Limited (TSE:CTC.A - Get Free Report)'s stock price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$187.52 and last traded at C$187.43, with a volume of 10641 shares trading hands. The stock had previously closed at C$185.12.
Analyst Ratings Changes
A number of brokerages recently weighed in on CTC.A. BMO Capital Markets upped their price objective on Canadian Tire from C$170.00 to C$175.00 in a report on Friday, May 9th. Desjardins upped their price objective 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. TD Securities upped their price objective on Canadian Tire from C$170.00 to C$181.00 and gave the stock a "buy" rating in a report on Friday, May 9th. Finally, Jefferies Financial Group upped their price objective on Canadian Tire from C$140.00 to C$164.00 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 company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of C$171.25.
Get Our Latest Analysis on Canadian Tire
Canadian Tire Trading Up 1.2%
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 business has a fifty day simple moving average of C$171.71 and a 200 day simple moving average of C$158.48. The company has a market cap of C$9.78 billion, a P/E ratio of 27.34, a P/E/G ratio of 0.35 and a beta of 1.33.
Insider Activity
In other Canadian Tire news, Director Steve Frazier bought 450 shares of the business's stock in a transaction on Monday, June 9th. The shares were purchased at an average price 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
(
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.
Featured Articles
Before you consider Canadian Tire, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Canadian Tire wasn't on the list.
While Canadian Tire currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Discover the top 7 AI stocks to invest in right now. This exclusive report highlights the companies leading the AI revolution and shaping the future of technology in 2025.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.