Canadian Tire (TSE:CTC - Get Free Report) was downgraded by analysts at Royal Bank of Canada from a "moderate buy" rating to a "hold" rating in a research note issued on Friday,Zacks.com reports.
Separately, TD Securities upgraded shares of Canadian Tire from a "hold" rating to a "strong-buy" rating in a research note on Friday, August 9th.
Read Our Latest Research Report on CTC
Canadian Tire Stock Performance
Shares of TSE:CTC traded down C$4.01 during midday trading on Friday, hitting C$224.00. The company's stock had a trading volume of 249 shares, compared to its average volume of 370. The stock has a market capitalization of C$766.08 million, a price-to-earnings ratio of 33.29, a PEG ratio of 0.49 and a beta of 1.33. The stock's 50 day simple moving average is C$229.24 and its 200 day simple moving average is C$227.74. Canadian Tire has a fifty-two week low of C$202.00 and a fifty-two week high of C$288.08. The company has a debt-to-equity ratio of 173.58, a quick ratio of 1.15 and a current ratio of 1.79.
Canadian Tire Company Profile
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Canadian Tire Corporation, Limited provides a range of retail goods and services in Canada. It operates in three segments: Retail, CT REIT, and Financial Services. The Retail segment retails automotive maintenance products and accessories, parts, and tires, as well as automotive services and roadside assistance; electrical, hardware, home environment, paint, plumbing, and tool products; cleaning, food & drink, home décor, home essentials, home organization, kitchen, and pet care products; camping, exercise, hockey, hunting, fishing, seasonal recreation, and team sports and golf products; and backyard living, backyard fun, cycling, gardening, outdoor tools, seasonal, and toy products.
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