Canadian Tire (TSE:CTC.A) Shares Cross Above 200-Day Moving Average - Should You Sell?

Canadian Tire Co. Limited (TSE:CTC.A - Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$151.29 and traded as high as C$162.34. Canadian Tire shares last traded at C$162.18, with a volume of 425,680 shares trading hands.

Analyst Ratings Changes

Several research firms recently issued reports on CTC.A. CIBC increased their target price on shares of Canadian Tire from C$160.00 to C$165.00 in a report on Friday, November 8th. Royal Bank of Canada raised their price objective on shares of Canadian Tire from C$188.00 to C$192.00 in a research report on Friday, November 8th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Canadian Tire has a consensus rating of "Moderate Buy" and an average target price of C$147.89.

Canadian Tire Stock Down 0.2 %

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 company has a market cap of C$8.45 billion, a P/E ratio of 23.64, a P/E/G ratio of 0.35 and a beta of 1.33. The business's 50 day moving average is C$153.78 and its 200 day moving average is C$151.46.

Insiders Place Their Bets

In other news, Director Steve Frazier purchased 350 shares of the stock in a transaction on Friday, December 13th. The stock was bought 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

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.