BMO Capital Markets Upgrades Canadian Tire (TSE:CTC) to Strong-Buy

Canadian Tire (TSE:CTC) was upgraded by stock analysts at BMO Capital Markets from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Thursday,Zacks.com reports.

Other equities analysts also recently issued research reports about the company. Royal Bank of Canada downgraded Canadian Tire from a “moderate buy” rating to a “hold” rating in a report on Friday, November 8th. Scotiabank set a C$140.00 target price on Canadian Tire and gave the company an “underperform” rating in a report on Friday, February 7th.

Canadian Tire Price Performance

Shares of Canadian Tire stock opened at C$224.90 on Thursday. The company has a quick ratio of 1.15, a current ratio of 1.60 and a debt-to-equity ratio of 150.68. The company has a market cap of C$8.61 billion, a PE ratio of 12.91, a P/E/G ratio of 0.49 and a beta of 1.33. The business has a 50 day moving average of C$218.61 and a 200 day moving average of C$223.50. Canadian Tire has a 52 week low of C$192.10 and a 52 week high of C$275.36.

Canadian Tire Company Profile

Canadian Tire Corporation, Limited provides a range of retail goods and services in Canada. It operates in three segments: Retail, CT REIT, and Financial Services. The Retail segment retails automotive maintenance products and accessories, parts, and tires, as well as automotive services and roadside assistance; electrical, hardware, home environment, paint, plumbing, and tool products; cleaning, food & drink, home décor, home essentials, home organization, kitchen, and pet care products; camping, exercise, hockey, hunting, fishing, seasonal recreation, and team sports and golf products; and backyard living, backyard fun, cycling, gardening, outdoor tools, seasonal, and toy products.