Canadian Tire (TSE:CTC.A) Reaches New 1-Year High – Still a Buy?

Canadian Tire Co. Limited (TSE:CTC.A) shares reached a new 52-week high during trading on Thursday . The stock traded as high as C$196.46 and last traded at C$195.53, with a volume of 45543 shares. The stock had previously closed at C$184.74.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. National Bank Financial upped their target price on Canadian Tire from C$197.00 to C$201.00 and gave the stock a “sector perform” rating in a report on Monday, January 26th. Scotiabank increased their target price on shares of Canadian Tire from C$150.00 to C$155.00 and gave the stock an “underperform” rating in a report on Friday, November 7th. BMO Capital Markets boosted their price target on shares of Canadian Tire from C$175.00 to C$180.00 in a report on Monday, November 10th. TD Securities boosted their price objective on shares of Canadian Tire from C$183.00 to C$194.00 and gave the stock a “hold” rating in a research note on Friday, November 7th. Finally, Desjardins upped their target price on Canadian Tire from C$185.00 to C$190.00 in a report on Friday, November 7th. One research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of C$178.25.

Canadian Tire Trading Up 0.9%

The company’s 50 day simple moving average is C$174.62 and its two-hundred day simple moving average is C$171.05. The company has a market capitalization of C$9.95 billion, a price-to-earnings ratio of 14.14, a P/E/G ratio of 0.35 and a beta of 0.90. The company has a quick ratio of 1.15, a current ratio of 1.79 and a debt-to-equity ratio of 173.58.

Canadian Tire Company Profile

Canadian Tire Corporation, Limited, (TSX: CTC.A) (TSX: CTC) or ‘CTC’, is a group of companies that includes a Retail segment, a Financial Services division and CT REIT. Our retail business is led by Canadian Tire, which was founded in 1922 and provides Canadians with products for life in Canada across its Living, Playing, Fixing, Automotive and Seasonal & Gardening divisions. Party City, PartSource and Gas+ are key parts of the Canadian Tire network. The Retail segment also includes Mark’s, a leading source for casual and industrial wear; Pro Hockey Life, a hockey specialty store catering to elite players; and SportChek, Hockey Experts, Sports Experts and Atmosphere, which offer the best active wear brands.