Canadian Tire (OTCMKTS:CDNAF) Shares Up 0.7% – What’s Next?

Canadian Tire Co., Limited (OTCMKTS:CDNAF)’s stock price shot up 0.7% on Friday . The stock traded as high as $122.0070 and last traded at $121.70. 11,985 shares changed hands during trading, a decline of 68% from the average session volume of 37,135 shares. The stock had previously closed at $120.83.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on CDNAF shares. TD Securities downgraded shares of Canadian Tire from a “buy” rating to a “hold” rating in a report on Friday, August 8th. Scotiabank reissued an “underperform” rating on shares of Canadian Tire in a research note on Friday, August 8th. Two analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce”.

Canadian Tire Stock Up 0.7%

The company has a fifty day moving average of $120.32 and a 200-day moving average of $125.48.

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.