Canadian Tire Co. Limited (TSE:CTC.A - Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-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 trading hands.
Analysts Set New Price Targets
Several research analysts have commented on CTC.A shares. TD Securities decreased their target price on shares of Canadian Tire from C$176.00 to C$170.00 and set a "buy" rating for the company in a report on Monday, April 28th. National Bankshares boosted their price objective on shares of Canadian Tire from C$70.00 to C$174.00 and gave the stock a "sector perform" rating in a research note on Friday, March 7th. CIBC cut their price target on Canadian Tire from C$165.00 to C$156.00 in a report on Friday, February 14th. BMO Capital Markets raised shares of Canadian Tire from a "market perform" rating to an "outperform" rating and set a C$170.00 target price on the stock in a research note on Thursday, February 20th. Finally, Jefferies Financial Group dropped their price objective on Canadian Tire from C$145.00 to C$140.00 in a research note on Friday, March 7th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of C$151.80.
Get Our Latest Analysis on CTC.A
Canadian Tire Stock Performance
The company has a current ratio of 1.79, a quick ratio of 1.15 and a debt-to-equity ratio of 173.58. The stock has a 50 day moving average price of C$147.26 and a two-hundred day moving average price of C$152.16. The company has a market cap of C$7.94 billion, a price-to-earnings ratio of 22.20, a P/E/G ratio of 0.35 and a beta of 1.33.
About Canadian Tire
(
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.
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