Canadian Tire Co. Limited (TSE:CTC.A - Get Free Report) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$159.96 and traded as high as C$191.89. Canadian Tire shares last traded at C$189.67, with a volume of 276,539 shares traded.
Analyst Ratings Changes
Several brokerages have recently commented on CTC.A. National Bankshares lifted their target price on Canadian Tire from C$173.00 to C$204.00 and gave the stock a "sector perform" rating in a research note on Wednesday. Jefferies Financial Group upped their target price on Canadian Tire from C$140.00 to C$164.00 in a research report on Friday, May 9th. Desjardins upped their price target on Canadian Tire from C$170.00 to C$175.00 and gave the stock a "buy" rating in a research note on Friday, May 9th. TD Securities increased their price target on Canadian Tire from C$170.00 to C$181.00 and gave the company a "buy" rating in a research report on Friday, May 9th. Finally, BMO Capital Markets raised their price target on Canadian Tire from C$170.00 to C$175.00 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. According to data from MarketBeat, Canadian Tire has an average rating of "Moderate Buy" and a consensus price target of C$175.00.
View Our Latest Analysis on Canadian Tire
Canadian Tire Stock Performance
The firm's 50 day moving average is C$178.20 and its two-hundred day moving average is C$160.72. The stock has a market capitalization of C$9.97 billion, a PE ratio of 27.89, a P/E/G ratio of 0.35 and a beta of 1.33. The company has a debt-to-equity ratio of 173.58, a quick ratio of 1.15 and a current ratio of 1.79.
Insiders Place Their Bets
In related news, Director Steve Frazier bought 450 shares of the firm's stock in a transaction that occurred on Monday, June 9th. The shares were acquired 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.
About Canadian Tire
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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.
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