Canadian Tire Co. Limited (TSE:CTC.A - Get Free Report)'s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$143.83 and traded as high as C$158.81. Canadian Tire shares last traded at C$158.81, with a volume of 226,030 shares.
Analyst Upgrades and Downgrades
CTC.A has been the subject of several recent research reports. National Bankshares boosted their price target on shares of Canadian Tire from C$146.00 to C$158.00 in a report on Friday, August 9th. CIBC increased their target price on Canadian Tire from C$153.00 to C$160.00 in a research report on Friday, August 9th. Desjardins boosted their price target on Canadian Tire from C$165.00 to C$175.00 in a research report on Friday, August 9th. TD Securities raised Canadian Tire from a "hold" rating to a "buy" rating and raised their price objective for the company from C$160.00 to C$175.00 in a research report on Friday, August 9th. Finally, Jefferies Financial Group lifted their target price on Canadian Tire from C$121.00 to C$126.00 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. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of C$147.11.
View Our Latest Report on CTC.A
Canadian Tire Stock Up 0.6 %
The firm has a market capitalization of C$8.34 billion, a price-to-earnings ratio of 23.32, a P/E/G 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 company's 50 day moving average price is C$156.16 and its 200 day moving average price is C$143.94.
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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