Canadian Tire Co. Limited (TSE:CTC.A – Get Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$139.75 and traded as high as C$157.80. Canadian Tire shares last traded at C$157.24, with a volume of 186,282 shares trading hands.
Wall Street Analysts Forecast Growth
Several equities analysts have weighed in on the company. CIBC raised their price target on Canadian Tire from C$153.00 to C$160.00 in a report on Friday, August 9th. Desjardins lifted their target price on Canadian Tire from C$165.00 to C$175.00 in a research report on Friday, August 9th. TD Securities raised Canadian Tire from a “hold” rating to a “buy” rating and lifted their target price for the company from C$160.00 to C$175.00 in a research report on Friday, August 9th. Jefferies Financial Group boosted their price target on Canadian Tire from C$121.00 to C$126.00 in a research report on Friday, August 9th. Finally, National Bankshares boosted their price target on Canadian Tire from C$146.00 to C$158.00 in a research report on Friday, August 9th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of C$147.11.
Check Out Our Latest Stock Analysis on CTC.A
Canadian Tire Stock Up 1.6 %
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.
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