Canadian Tire (TSE:CTC.A) Sets New 1-Year Low at $228.88

Canadian Tire Co. Limited (TSE:CTC.A - Get Free Report)'s stock price reached a new 52-week low during trading on Monday . The company traded as low as C$228.88 and last traded at C$134.21, with a volume of 40398 shares. The stock had previously closed at C$133.86.

Analyst Upgrades and Downgrades

Several research firms have commented on CTC.A. Canaccord Genuity Group lowered shares of Canadian Tire from a "buy" rating to a "hold" rating and decreased their target price for the company from C$167.00 to C$154.00 in a report on Wednesday, February 7th. BMO Capital Markets lowered shares of Canadian Tire from an "outperform" rating to a "market perform" rating and decreased their target price for the company from C$170.00 to C$150.00 in a report on Tuesday, February 20th. Royal Bank of Canada decreased their target price on shares of Canadian Tire from C$199.00 to C$195.00 and set an "outperform" rating on the stock in a report on Friday, February 16th. CIBC decreased their target price on shares of Canadian Tire from C$153.00 to C$150.00 and set a "neutral" rating on the stock in a report on Friday, February 16th. Finally, TD Securities decreased their target price on shares of Canadian Tire from C$160.00 to C$155.00 and set a "hold" rating on the stock in a report on Friday, February 16th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Canadian Tire currently has an average rating of "Hold" and an average target price of C$162.44.

Canadian Tire Stock Down 0.3 %

The firm has a market cap of C$6.96 billion, a P/E ratio of 35.18, a price-to-earnings-growth ratio of 2.10 and a beta of 1.39. The stock's 50 day simple moving average is C$137.91 and its 200 day simple moving average is C$140.70. The company has a debt-to-equity ratio of 180.91, a quick ratio of 1.15 and a current ratio of 1.77.

Insiders Place Their Bets

In other news, Director Steve Frazier acquired 400 shares of the business's stock in a transaction on Wednesday, February 21st. The shares were purchased at an average cost of C$103.73 per share, with a total value of C$41,490.00. Insiders own 2.93% of the company's stock.

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.