Canadian Tire Co. Limited (TSE:CTC.A - Get Free Report)'s share price hit a new 52-week high during trading on Wednesday . The company traded as high as C$164.13 and last traded at C$163.98, with a volume of 8499 shares changing hands. The stock had previously closed at C$162.18.
Analyst Upgrades and Downgrades
Several research firms have commented on CTC.A. CIBC upped their price objective on shares of Canadian Tire from C$160.00 to C$165.00 in a report on Friday, November 8th. Royal Bank of Canada lifted their target price on shares of Canadian Tire from C$188.00 to C$192.00 in a research report on Friday, November 8th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Canadian Tire has a consensus rating of "Moderate Buy" and an average target price of C$147.89.
Read Our Latest Report on CTC.A
Canadian Tire Stock Performance
The company has a market cap of C$8.45 billion, a PE ratio of 23.64, a PEG ratio of 0.35 and a beta of 1.33. 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 business's 50 day moving average is C$153.78 and its two-hundred day moving average is C$151.46.
Insiders Place Their Bets
In related news, Director Steve Frazier bought 350 shares of the company's stock in a transaction on Friday, December 13th. The shares were acquired at an average price of C$152.56 per share, with a total value of C$53,397.68. Corporate insiders own 1.90% of the company's stock.
About Canadian Tire
(
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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.
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