Canadian Tire (TSE:CTC.A) Sets New 12-Month High – Still a Buy?

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

Key Stories Impacting Canadian Tire

Here are the key news stories impacting Canadian Tire this week:

• Positive Sentiment: Desjardins raised its price target to C$203 and gave a “buy” rating — an endorsement that can attract buying interest and supports a multi-percent upside thesis. Article Title
• Positive Sentiment: TD Securities lifted its target to C$205 (maintaining a “hold”) — another upward revision that signals improving analyst views on Canadian Tire’s outlook. Article Title
• Positive Sentiment: National Bank Financial raised its target to C$211 (sector perform), the highest PT in this round — notable for suggesting greater upside potential from current levels. Article Title
• Positive Sentiment: BMO bumped its target to C$194 with a “market perform” — modestly bullish and supportive of near-term price strength. Article Title
• Neutral Sentiment: Canadian Tire reported strong holiday/Q4 results with revenue up year-over-year and SportChek comps rising — fundamentals that justify the analyst optimism but require follow-through in margins and guidance. Article Title
• Positive Sentiment: Management highlights Triangle Rewards as a “linchpin” for growth — loyalty program strength can boost customer retention and lifetime value, a structural positive for valuation. Article Title
• Positive Sentiment: Expanded Microsoft partnership to scale an AI-driven retail intelligence platform — technology investment that may improve merchandising, inventory turns and margins over time. Article Title
• Positive Sentiment: Technicals: the stock has crossed above its 200-day moving average — a bullish technical signal that can attract momentum traders. Article Title
• Negative Sentiment: Scotiabank upgraded the rating from “underperform” to “sector perform” but set a C$180 target (below current levels) — this reduces conviction from one large broker and represents a potential headwind if others echo the lower PT. Article Title

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on CTC.A shares. Desjardins boosted their price target on shares of Canadian Tire from C$190.00 to C$203.00 and gave the company a “buy” rating in a report on Friday. Scotiabank raised Canadian Tire from an “underperform” rating to a “sector perform” rating and lifted their price objective for the company from C$160.00 to C$180.00 in a research report on Friday. National Bank Financial boosted their target price on Canadian Tire from C$201.00 to C$211.00 and gave the company a “sector perform” rating in a research note on Friday. TD Securities upped their target price on Canadian Tire from C$194.00 to C$205.00 and gave the stock a “hold” rating in a research report on Friday. Finally, Canadian Imperial Bank of Commerce raised their price target on Canadian Tire from C$181.00 to C$189.00 in a research note on Friday, November 7th. One equities research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of C$192.29.

Canadian Tire Trading Up 3.3%

The company’s fifty day moving average is C$175.42 and its 200-day moving average is C$171.16. The company has a current ratio of 1.79, a quick ratio of 1.15 and a debt-to-equity ratio of 173.58. The firm has a market capitalization of C$10.07 billion, a P/E ratio of 14.30, a P/E/G ratio of 0.35 and a beta of 0.90.

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.