Canadian Tire (TSE:CTC) Stock Price Crosses Below 50 Day Moving Average – Here’s What Happened

Canadian Tire Co., Limited (TSE:CTC) shares crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$225.97 and traded as low as C$201.12. Canadian Tire shares last traded at C$210.26, with a volume of 1,292 shares trading hands.

Analysts Set New Price Targets

A number of analysts recently commented on CTC shares. BMO Capital Markets upgraded shares of Canadian Tire from a “hold” rating to a “strong-buy” rating in a research report on Thursday, February 20th. Scotiabank set a C$140.00 price objective on shares of Canadian Tire and gave the company an “underperform” rating in a research report on Friday, February 7th.

Canadian Tire Stock Performance

The stock has a market capitalization of C$8.05 billion, a price-to-earnings ratio of 12.07, a price-to-earnings-growth ratio of 0.49 and a beta of 1.33. The company has a current ratio of 1.60, a quick ratio of 1.15 and a debt-to-equity ratio of 150.68. The stock’s 50 day moving average is C$225.97 and its two-hundred day moving average is C$224.25.

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.