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

Canadian Tire Co. Limited (TSE:CTC.A) shares reached a new 52-week high during mid-day trading on Thursday . The stock 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.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. National Bankshares boosted their target price on Canadian Tire from C$146.00 to C$158.00 in a research report on Friday, August 9th. Desjardins boosted their target price on Canadian Tire from C$165.00 to C$175.00 in a research report on Friday, August 9th. CIBC boosted their target price on Canadian Tire from C$153.00 to C$160.00 in a research report on Friday, August 9th. Jefferies Financial Group boosted their target price on Canadian Tire from C$121.00 to C$126.00 in a research report on Friday, August 9th. Finally, TD Securities raised Canadian Tire from a “hold” rating to a “buy” rating and boosted their target price for the stock from C$160.00 to C$175.00 in a research report on Friday, August 9th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$147.11.

Canadian Tire Trading Up 0.2 %

The stock has a 50 day moving average of C$149.63 and a 200-day moving average of C$140.72. The company has a market capitalization of C$8.29 billion, a P/E ratio of 23.21, a P/E/G ratio of 0.35 and a beta of 1.33. The company has a current ratio of 1.79, a quick ratio of 1.15 and a debt-to-equity ratio of 173.58.

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.