Canadian Tire Co. Limited (TSE:CTC.A - Get Free Report)'s share price hit a new 52-week high during trading on Wednesday . The stock traded as high as C$163.00 and last traded at C$162.24, with a volume of 10689 shares trading hands. The stock had previously closed at C$161.56.
Wall Street Analysts Forecast Growth
Several research analysts have recently issued reports on the company. CIBC raised their price target on Canadian Tire from C$153.00 to C$160.00 in a research report on Friday, August 9th. Desjardins raised their target price on Canadian Tire from C$165.00 to C$175.00 in a report on Friday, August 9th. Jefferies Financial Group upped their price target on Canadian Tire from C$121.00 to C$126.00 in a research note on Friday, August 9th. TD Securities raised shares of Canadian Tire from a "hold" rating to a "buy" rating and lifted their price objective for the stock from C$160.00 to C$175.00 in a research note on Friday, August 9th. Finally, National Bankshares upped their target price on shares of Canadian Tire from C$146.00 to C$158.00 in a research note on Friday, August 9th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of C$147.11.
Read Our Latest Analysis on Canadian Tire
Canadian Tire Trading Down 0.1 %
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 has a 50 day moving average of C$152.35 and a 200-day moving average of C$142.03. The firm has a market capitalization of C$8.43 billion, a P/E ratio of 23.63, a PEG ratio of 0.35 and a beta of 1.33.
Canadian Tire Company Profile
(
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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