Canadian Tire (TSE:CTC.A) Reaches New 1-Year Low at $240.00

Canadian Tire Co. Limited (TSE:CTC.A) hit a new 52-week low during trading on Thursday . The company traded as low as C$240.00 and last traded at C$129.61, with a volume of 103488 shares. The stock had previously closed at C$128.57.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Scotiabank lowered their price target on shares of Canadian Tire from C$158.00 to C$150.00 and set an “outperform” rating for the company in a report on Friday, February 16th. BMO Capital Markets cut shares of Canadian Tire from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from C$170.00 to C$150.00 in a research report on Tuesday, February 20th. Desjardins decreased their target price on shares of Canadian Tire from C$170.00 to C$160.00 and set a “buy” rating on the stock in a research report on Friday, February 16th. Canaccord Genuity Group cut shares of Canadian Tire from a “buy” rating to a “hold” rating and decreased their target price for the stock from C$167.00 to C$154.00 in a research report on Wednesday, February 7th. Finally, CIBC decreased their target price on shares of Canadian Tire from C$153.00 to C$150.00 and set a “neutral” rating on the stock in a research report on Friday, February 16th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of C$162.44.

Canadian Tire Trading Up 0.8 %

The business’s 50-day moving average price is C$135.62 and its 200 day moving average price is C$139.80. The company has a debt-to-equity ratio of 180.91, a current ratio of 1.77 and a quick ratio of 1.15. The firm has a market capitalization of C$6.76 billion, a price-to-earnings ratio of 34.01, a PEG ratio of 2.10 and a beta of 1.37.

Insider Transactions at Canadian Tire

In related news, Director Steve Frazier purchased 400 shares of the company’s stock in a transaction that occurred on Wednesday, February 21st. The stock was acquired at an average price of C$103.73 per share, for a total transaction of C$41,490.00. Corporate insiders own 2.93% of the company’s stock.

About Canadian Tire

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.