Canadian Tire (TSE:CTC.A) Stock Price Crosses Above 200 Day Moving Average - Here's What Happened

Canadian Tire Co. Limited (TSE:CTC.A - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$152.16 and traded as high as C$152.64. Canadian Tire shares last traded at C$152.05, with a volume of 142,754 shares traded.

Analyst Ratings Changes

CTC.A has been the topic of a number of research reports. Desjardins lifted their price target on shares of Canadian Tire from C$170.00 to C$175.00 and gave the stock a "buy" rating in a report on Friday. Canaccord Genuity Group decreased their target price on Canadian Tire from C$158.00 to C$153.00 in a research report on Thursday, February 20th. BMO Capital Markets upped their price target on Canadian Tire from C$170.00 to C$175.00 in a research report on Friday. CIBC decreased their price objective on Canadian Tire from C$165.00 to C$156.00 in a report on Friday, February 14th. Finally, Jefferies Financial Group boosted their price objective on Canadian Tire from C$140.00 to C$164.00 in a research note on Friday. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of C$171.25.

Canadian Tire Trading Down 0.2%

The firm has a market capitalization of C$8.35 billion, a PE ratio of 23.36, a P/E/G ratio of 0.35 and a beta of 1.33. The firm has a 50 day simple moving average of C$148.38 and a 200 day simple moving average of C$152.04. The company has a current ratio of 1.79, a quick ratio of 1.15 and a debt-to-equity ratio of 173.58.

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.