Canadian Tire Co. Limited (TSE:CTC.A – Get Free Report) reached a new 52-week high on Thursday . The company traded as high as C$161.43 and last traded at C$160.12, with a volume of 6324 shares traded. The stock had previously closed at C$158.60.
Analyst Ratings Changes
Several analysts have issued reports on the company. National Bankshares upped their target price on Canadian Tire from C$146.00 to C$158.00 in a report on Friday, August 9th. CIBC upped their price objective on shares of Canadian Tire from C$153.00 to C$160.00 in a report on Friday, August 9th. TD Securities raised shares of Canadian Tire from a “hold” rating to a “buy” rating and lifted their target price for the stock from C$160.00 to C$175.00 in a research note on Friday, August 9th. Jefferies Financial Group boosted their target price on shares of Canadian Tire from C$121.00 to C$126.00 in a report on Friday, August 9th. Finally, Desjardins raised their price target on shares of Canadian Tire from C$165.00 to C$175.00 in a report on Friday, August 9th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Canadian Tire has a consensus rating of “Moderate Buy” and a consensus price target of C$147.11.
Read Our Latest Stock Report on Canadian Tire
Canadian Tire Trading Up 0.8 %
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.
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