Canadian Tire Co. Limited (TSE:CTC.A - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$155.46 and traded as high as C$181.79. Canadian Tire shares last traded at C$180.00, with a volume of 159,903 shares.
Analyst Upgrades and Downgrades
Several equities analysts recently commented on CTC.A shares. BMO Capital Markets increased their target price on shares of Canadian Tire from C$170.00 to C$175.00 in a report on Friday, May 9th. National Bankshares increased their target price on shares of Canadian Tire from C$70.00 to C$174.00 and gave the company a "sector perform" rating in a report on Friday, March 7th. Desjardins increased their target price on shares of Canadian Tire from C$170.00 to C$175.00 and gave the company a "buy" rating in a report on Friday, May 9th. Jefferies Financial Group increased their target price on shares of Canadian Tire from C$140.00 to C$164.00 in a report on Friday, May 9th. Finally, Canaccord Genuity Group reduced their target price on shares of Canadian Tire from C$158.00 to C$153.00 in a report on Thursday, February 20th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Canadian Tire has a consensus rating of "Moderate Buy" and a consensus price target of C$171.25.
Get Our Latest Analysis on Canadian Tire
Canadian Tire Price Performance
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 firm has a market capitalization of C$9.41 billion, a PE ratio of 26.32, a PEG ratio of 0.35 and a beta of 1.33. The firm's fifty day simple moving average is C$161.68 and its 200-day simple moving average is C$155.63.
Insider Transactions at Canadian Tire
In other Canadian Tire news, Director Steve Frazier bought 450 shares of the business's stock in a transaction that occurred on Monday, June 9th. The stock was bought at an average cost of C$178.77 per share, for a total transaction of C$80,447.09. Company insiders own 1.90% of the company's stock.
Canadian Tire Company Profile
(
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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