Canadian Tire (TSE:CTC.A) Stock Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Canadian Tire Co. Limited (TSE:CTC.A) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$173.22 and traded as high as C$177.48. Canadian Tire shares last traded at C$177.12, with a volume of 47,328 shares changing hands.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on CTC.A. BMO Capital Markets increased their price objective on Canadian Tire from C$175.00 to C$180.00 in a research note on Monday, November 10th. CIBC upped their target price on Canadian Tire from C$181.00 to C$189.00 in a report on Friday, November 7th. Desjardins increased their price target on shares of Canadian Tire from C$185.00 to C$190.00 in a research report on Friday, November 7th. National Bankshares raised their price target on shares of Canadian Tire from C$185.00 to C$197.00 and gave the stock a “sector perform” rating in a report on Friday, November 7th. Finally, TD Securities upped their price objective on shares of Canadian Tire from C$183.00 to C$194.00 and gave the company a “hold” rating in a research note on Friday, November 7th. One equities research analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Canadian Tire currently has a consensus rating of “Hold” and a consensus price target of C$177.75.

Canadian Tire Trading Down 0.2%

The company has a market cap of C$9.44 billion, a price-to-earnings ratio of 13.41, a price-to-earnings-growth ratio of 0.35 and a beta of 1.05. The company’s 50 day moving average price is C$171.71 and its 200 day moving average price is C$173.08. The company has a debt-to-equity ratio of 173.58, a quick ratio of 1.15 and a current ratio of 1.79.

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.