Canadian Tire (TSE:CTC.A) Trading Up 2.1% - Should You Buy?

Canadian Tire Co. Limited (TSE:CTC.A - Get Free Report)'s share price traded up 2.1% during mid-day trading on Monday . The company traded as high as C$158.37 and last traded at C$157.28. 539,799 shares were traded during trading, an increase of 129% from the average session volume of 235,639 shares. The stock had previously closed at C$154.07.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on CTC.A shares. CIBC increased their target price on shares of Canadian Tire from C$160.00 to C$165.00 in a research note on Friday, November 8th. Royal Bank of Canada increased their target price on shares of Canadian Tire from C$188.00 to C$192.00 in a report on Friday, November 8th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of C$147.89.

Canadian Tire Stock Performance

The company has a market cap of C$8.16 billion, a PE ratio of 22.81, a price-to-earnings-growth ratio of 0.35 and a beta of 1.33. The firm's fifty day moving average is C$155.23 and its 200 day moving average is C$148.49. The company has a current ratio of 1.79, a quick ratio of 1.15 and a debt-to-equity ratio of 173.58.

Canadian Tire Company Profile

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.