Canadian Tire (TSE:CTC.A) Reaches New 1-Year Low at $240.00

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

A number of equities analysts have recently commented on the stock. Desjardins decreased their price target on shares of Canadian Tire from C$170.00 to C$160.00 and set a “buy” rating on the stock in a report on Friday, February 16th. BMO Capital Markets lowered shares of Canadian Tire from an “outperform” rating to a “market perform” rating and reduced their target price for the company from C$170.00 to C$150.00 in a report on Tuesday, February 20th. TD Securities reduced their target price on shares of Canadian Tire from C$160.00 to C$155.00 and set a “hold” rating on the stock in a report on Friday, February 16th. Royal Bank of Canada reduced their target price on shares of Canadian Tire from C$199.00 to C$195.00 and set an “outperform” rating on the stock in a report on Friday, February 16th. Finally, Canaccord Genuity Group lowered shares of Canadian Tire from a “buy” rating to a “hold” rating and reduced their target price for the company from C$167.00 to C$154.00 in a report on Wednesday, February 7th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Canadian Tire currently has an average rating of “Hold” and an average target price of C$162.44.

Canadian Tire Stock Performance

The firm has a market cap of C$6.76 billion, a P/E ratio of 34.01, a price-to-earnings-growth ratio of 2.10 and a beta of 1.37. The company has a current ratio of 1.77, a quick ratio of 1.15 and a debt-to-equity ratio of 180.91. The business’s fifty day simple moving average is C$135.62 and its 200-day simple moving average is C$139.80.

Insiders Place Their Bets

In related news, Director Steve Frazier bought 400 shares of the company’s stock in a transaction dated Wednesday, February 21st. The stock was purchased at an average cost of C$103.73 per share, with a total value of C$41,490.00. Insiders own 2.93% of the company’s stock.

Canadian Tire Company Profile

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.