Canadian Tire (TSE:CTC.A) Sets New 1-Year Low at $240.00

Canadian Tire Co. Limited (TSE:CTC.A - Get Free Report)'s stock price hit a new 52-week low on Thursday . The company traded as low as C$240.00 and last traded at C$129.61, with a volume of 103488 shares trading hands. The stock had previously closed at C$128.57.

Analysts Set New Price Targets

Several analysts have commented on CTC.A shares. CIBC dropped 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. TD Securities decreased their price target on shares of Canadian Tire from C$160.00 to C$155.00 and set a "hold" rating for the company in a research note on Friday, February 16th. Canaccord Genuity Group cut shares of Canadian Tire from a "buy" rating to a "hold" rating and decreased their price target for the stock from C$167.00 to C$154.00 in a research note on Wednesday, February 7th. Scotiabank decreased 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. Finally, BMO Capital Markets cut 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 research note on Tuesday, February 20th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Canadian Tire currently has a consensus rating of "Hold" and an average target price of C$162.44.

Canadian Tire Stock Up 0.8 %

The company has a quick ratio of 1.15, a current ratio of 1.77 and a debt-to-equity ratio of 180.91. The company has a market cap of C$6.76 billion, a price-to-earnings ratio of 34.28, a P/E/G ratio of 2.10 and a beta of 1.37. The stock has a fifty day moving average price of C$135.35 and a two-hundred day moving average price of C$139.73.

Insider Transactions at Canadian Tire

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

About Canadian Tire

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.