Canadian Tire (TSE:CTC.A) Hits New 52-Week Low at $243.25

Shares of Canadian Tire Co. Limited (TSE:CTC.A - Get Free Report) reached a new 52-week low during trading on Tuesday . The stock traded as low as C$243.25 and last traded at C$133.80, with a volume of 53365 shares trading hands. The stock had previously closed at C$134.70.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. National Bankshares lowered their target price on shares of Canadian Tire from C$152.00 to C$146.00 and set a "sector perform" rating for the company in a report on Friday, February 16th. Desjardins cut their price objective on shares of Canadian Tire from C$170.00 to C$160.00 and set a "buy" rating on the stock in a research report on Friday, February 16th. Scotiabank lowered their target price on shares of Canadian Tire from C$158.00 to C$150.00 and set an "outperform" rating for the company in a research note on Friday, February 16th. BMO Capital Markets cut shares of Canadian Tire from an "outperform" rating to a "market perform" rating and decreased their price objective for the company from C$170.00 to C$150.00 in a research note on Tuesday, February 20th. Finally, CIBC decreased their price objective on shares of Canadian Tire from C$153.00 to C$150.00 and set a "neutral" rating for the company in a research note on Friday, February 16th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of C$162.44.

Canadian Tire Trading Down 0.5 %

The stock has a market capitalization of C$6.99 billion, a PE ratio of 35.44, a PEG ratio of 2.10 and a beta of 1.39. The business's 50-day moving average is C$138.74 and its two-hundred day moving average is C$141.08. The company has a quick ratio of 1.15, a current ratio of 1.77 and a debt-to-equity ratio of 180.91.

Insider Activity at Canadian Tire

In related news, Director Steve Frazier bought 400 shares of the firm's stock in a transaction on Wednesday, February 21st. The shares were bought at an average cost of C$103.73 per share, for a total transaction of C$41,490.00. 2.93% of the stock is currently owned by insiders.

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.