Canadian Tire (TSE:CTC.A) Share Price Crosses Above 200 Day Moving Average – Here’s What Happened

Shares of Canadian Tire Co. Limited (TSE:CTC.AGet Free Report) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$151.29 and traded as high as C$162.34. Canadian Tire shares last traded at C$162.18, with a volume of 425,680 shares.

Analyst Upgrades and Downgrades

Several research firms have issued reports on CTC.A. CIBC boosted their price objective on shares of Canadian Tire from C$160.00 to C$165.00 in a research report on Friday, November 8th. Royal Bank of Canada raised their price target on shares of Canadian Tire from C$188.00 to C$192.00 in a report on Friday, November 8th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Canadian Tire currently has an average rating of “Moderate Buy” and an average target price of C$147.89.

Check Out Our Latest Analysis on Canadian Tire

Canadian Tire Stock Up 0.8 %

The company has a market cap of C$8.47 billion, a price-to-earnings ratio of 23.68, a PEG ratio of 0.35 and a beta of 1.33. The business has a fifty day moving average of C$153.53 and a two-hundred day moving average of C$151.29. The company has a current ratio of 1.79, a quick ratio of 1.15 and a debt-to-equity ratio of 173.58.

Insider Activity

In related news, Director Steve Frazier acquired 350 shares of Canadian Tire stock in a transaction that occurred on Friday, December 13th. The shares were purchased at an average price of C$152.56 per share, for a total transaction of C$53,397.68. Company insiders own 1.90% of the company’s stock.

Canadian Tire Company Profile

(Get Free Report)

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.

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