Canadian Tire Co. Limited (TSE:CTC.A - Get Free Report)'s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$145.69 and traded as high as C$150.58. Canadian Tire shares last traded at C$150.32, with a volume of 192,077 shares traded.
Wall Street Analysts Forecast Growth
CTC.A has been the subject of several recent analyst reports. TD Securities upgraded shares of Canadian Tire from a "hold" rating to a "buy" rating and increased their price objective for the stock from C$160.00 to C$175.00 in a research report on Friday, August 9th. National Bankshares lifted their price objective on shares of Canadian Tire from C$146.00 to C$158.00 in a report on Friday, August 9th. CIBC boosted their price target on shares of Canadian Tire from C$153.00 to C$160.00 in a report on Friday, August 9th. Jefferies Financial Group boosted their target price on shares of Canadian Tire from C$121.00 to C$126.00 in a research note on Friday, August 9th. Finally, Desjardins boosted their price target on shares of Canadian Tire from C$165.00 to C$175.00 in a research report on Friday, August 9th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Canadian Tire presently has an average rating of "Moderate Buy" and an average target price of C$146.89.
Read Our Latest Analysis on CTC.A
Canadian Tire Price Performance
The stock has a market capitalization of C$7.82 billion, a PE ratio of 21.94, a price-to-earnings-growth ratio of 0.35 and a beta of 1.33. The company has a quick ratio of 1.15, a current ratio of 1.79 and a debt-to-equity ratio of 173.58. The stock's 50 day moving average price is C$157.04 and its 200-day moving average price is C$145.85.
About Canadian Tire
(
Get Free Report)
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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