Canadian Tire (TSE:CTC.A) Sets New 1-Year High at $158.61

Shares of Canadian Tire Co. Limited (TSE:CTC.AGet Free Report) reached a new 52-week high during trading on Thursday . The company traded as high as C$158.61 and last traded at C$158.06, with a volume of 4841 shares. The stock had previously closed at C$157.24.

Analyst Upgrades and Downgrades

CTC.A has been the topic of a number of research analyst reports. National Bankshares boosted their price objective on shares of Canadian Tire from C$146.00 to C$158.00 in a report on Friday, August 9th. CIBC upped their price target on shares of Canadian Tire from C$153.00 to C$160.00 in a report on Friday, August 9th. Jefferies Financial Group upped their price target on shares of Canadian Tire from C$121.00 to C$126.00 in a report on Friday, August 9th. Desjardins upped their price target on shares of Canadian Tire from C$165.00 to C$175.00 in a report on Friday, August 9th. Finally, TD Securities raised shares of Canadian Tire from a “hold” rating to a “buy” rating and boosted their price objective for the company from C$160.00 to C$175.00 in a research report on Friday, August 9th. Four 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 presently has an average rating of “Moderate Buy” and a consensus price target of C$147.11.

View Our Latest Analysis on CTC.A

Canadian Tire Stock Up 0.1 %

The firm’s 50-day moving average price is C$147.61 and its 200-day moving average price is C$140.02. The company has a market cap of C$8.29 billion, a price-to-earnings ratio of 23.22, a price-to-earnings-growth ratio of 0.35 and a beta of 1.33. The company has a debt-to-equity ratio of 173.58, a current ratio of 1.79 and a quick ratio of 1.15.

About Canadian Tire

(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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