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Canadian Tire (TSE:CTC) Stock Price Passes Below 50-Day Moving Average - Should You Sell?

Canadian Tire logo with Consumer Cyclical background

Canadian Tire Co., Limited (TSE:CTC - Get Free Report)'s stock price crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$221.55 and traded as low as C$203.25. Canadian Tire shares last traded at C$203.25, with a volume of 615 shares.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Scotiabank set a C$140.00 target price on Canadian Tire and gave the company an "underperform" rating in a research report on Friday, February 7th. BMO Capital Markets raised shares of Canadian Tire from a "hold" rating to a "strong-buy" rating in a report on Thursday, February 20th.

Read Our Latest Analysis on CTC

Canadian Tire Price Performance

The company has a 50-day moving average of C$218.38 and a 200 day moving average of C$221.16. The company has a quick ratio of 1.15, a current ratio of 1.60 and a debt-to-equity ratio of 150.68. The stock has a market capitalization of C$7.78 billion, a PE ratio of 11.67, a PEG ratio of 0.49 and a beta of 1.33.

Canadian Tire Company Profile

(Get Free Report)

Canadian Tire Corporation, Limited, TSX: CTC.A TSX: CTC or 'CTC', is a group of companies that includes a Retail segment, a Financial Services division and CT REIT. Our retail business is led by Canadian Tire, which was founded in 1922 and provides Canadians with products for life in Canada across its Living, Playing, Fixing, Automotive and Seasonal & Gardening divisions.

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