Canadian Tire (TSE:CTC.A) Reaches New 12-Month High - What's Next?

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.

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

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.