Canadian Tire (TSE:CTC.A) Sets New 12-Month High at $161.43

Canadian Tire Co. Limited (TSE:CTC.A) 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.

Canadian Tire Trading Up 0.8 %

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 business has a 50-day simple moving average of C$148.89 and a 200-day simple moving average of C$140.44. The company has a market cap of C$8.35 billion, a PE ratio of 23.19, a price-to-earnings-growth ratio of 0.35 and a beta of 1.33.

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.