Canadian Tire Co., Limited (TSE:CTC - Get Free Report)'s share price hit a new 52-week low during mid-day trading on Monday . The company traded as low as C$197.55 and last traded at C$197.55, with a volume of 163 shares changing hands. The stock had previously closed at C$199.00.
Analysts Set New Price Targets
Separately, Royal Bank of Canada downgraded shares of Canadian Tire from a "moderate buy" rating to a "hold" rating in a report on Friday, November 8th.
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Canadian Tire Stock Performance
The company's fifty day moving average is C$221.12 and its 200 day moving average is C$222.41. The company has a current ratio of 1.79, a quick ratio of 1.15 and a debt-to-equity ratio of 173.58. The company has a market capitalization of C$675.62 million, a P/E ratio of 28.84, a P/E/G ratio of 0.49 and a beta of 1.33.
Canadian Tire Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Investors of record on Friday, January 31st will be paid a dividend of $1.775 per share. This represents a $7.10 dividend on an annualized basis and a dividend yield of 3.59%. This is a positive change from Canadian Tire's previous quarterly dividend of $1.75. The ex-dividend date is Friday, January 31st. Canadian Tire's payout ratio is presently 102.19%.
About Canadian Tire
(
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Canadian Tire Corporation, Limited provides a range of retail goods and services in Canada. It operates in three segments: Retail, CT REIT, and Financial Services. The Retail segment retails automotive maintenance products and accessories, parts, and tires, as well as automotive services and roadside assistance; electrical, hardware, home environment, paint, plumbing, and tool products; cleaning, food & drink, home décor, home essentials, home organization, kitchen, and pet care products; camping, exercise, hockey, hunting, fishing, seasonal recreation, and team sports and golf products; and backyard living, backyard fun, cycling, gardening, outdoor tools, seasonal, and toy products.
Further Reading
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