Canadian Tire (TSE:CTC.A) Sets New 12-Month Low at $240.00

Canadian Tire Co. Limited (TSE:CTC.A)’s stock price hit a new 52-week low 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.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on CTC.A. CIBC lowered their price objective on Canadian Tire from C$153.00 to C$150.00 and set a “neutral” rating on the stock in a report on Friday, February 16th. National Bankshares lowered their price target on Canadian Tire from C$152.00 to C$146.00 and set a “sector perform” rating on the stock in a report on Friday, February 16th. Canaccord Genuity Group lowered shares of Canadian Tire from a “buy” rating to a “hold” rating and dropped their price target for the company from C$167.00 to C$154.00 in a research report on Wednesday, February 7th. Desjardins decreased their price objective on shares of Canadian Tire from C$170.00 to C$160.00 and set a “buy” rating for the company in a report on Friday, February 16th. Finally, Scotiabank lowered their target price on shares of Canadian Tire from C$158.00 to C$150.00 and set an “outperform” rating on the stock in a research note on Friday, February 16th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of C$162.44.

Canadian Tire Stock Up 2.1 %

The firm has a 50-day moving average price of C$135.17 and a two-hundred day moving average price of C$139.65. The company has a market capitalization of C$6.90 billion, a P/E ratio of 34.99, a PEG ratio of 2.10 and a beta of 1.37. The company has a quick ratio of 1.15, a current ratio of 1.77 and a debt-to-equity ratio of 180.91.

Insider Activity at Canadian Tire

In related news, Director Steve Frazier acquired 400 shares of the business’s stock in a transaction dated Wednesday, February 21st. The stock was acquired at an average price of C$103.73 per share, with a total value 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.