Canadian Tire Co. Limited (TSE:CTC.A - Get Free Report)'s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$161.30 and traded as high as C$194.39. Canadian Tire shares last traded at C$192.74, with a volume of 89,710 shares traded.
Analyst Ratings Changes
CTC.A has been the subject of several research analyst reports. National Bankshares boosted their price target on shares of Canadian Tire from C$173.00 to C$204.00 and gave the company a "sector perform" rating in a report on Wednesday, July 16th. TD Securities increased their price target 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. BMO Capital Markets lifted their price objective on Canadian Tire from C$170.00 to C$175.00 in a report on Friday, May 9th. Desjardins boosted their price objective on Canadian Tire from C$170.00 to C$175.00 and gave the company a "buy" rating in a research report on Friday, May 9th. Finally, Jefferies Financial Group lifted their price target on shares of Canadian Tire from C$140.00 to C$164.00 in a research note on Friday, May 9th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of C$175.00.
Read Our Latest Stock Analysis on CTC.A
Canadian Tire Trading Down 0.0%
The company has a market cap of C$9.89 billion, a price-to-earnings ratio of 27.65, a price-to-earnings-growth ratio of 0.35 and a beta of 1.33. The company has a quick ratio of 1.15, a current ratio of 1.79 and a debt-to-equity ratio of 173.58. The company's fifty day moving average price is C$181.20 and its two-hundred day moving average price is C$162.05.
Insiders Place Their Bets
In other Canadian Tire news, Director Steve Frazier purchased 450 shares of the company's stock in a transaction that occurred on Monday, June 9th. The shares were acquired at an average price of C$178.77 per share, with a total value of C$80,447.09. 1.90% of the stock is owned by company insiders.
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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