Royal Bank of Canada Downgrades Canadian Tire (TSE:CTC) to Hold

Canadian Tire (TSE:CTC) was downgraded by stock analysts at Royal Bank of Canada from a “moderate buy” rating to a “hold” rating in a research note issued on Friday,Zacks.com reports.

Separately, TD Securities upgraded Canadian Tire from a “hold” rating to a “strong-buy” rating in a report on Friday, August 9th.

Canadian Tire Stock Performance

Shares of CTC stock opened at C$228.01 on Friday. Canadian Tire has a one year low of C$202.00 and a one year high of C$288.08. The company has a debt-to-equity ratio of 173.58, a quick ratio of 1.15 and a current ratio of 1.79. The firm’s 50 day moving average price is C$229.28 and its 200-day moving average price is C$227.74. The firm has a market cap of C$779.79 million, a P/E ratio of 33.29, a P/E/G ratio of 0.49 and a beta of 1.33.

Canadian Tire Company Profile

Canadian Tire Corporation, Limited provides a range of retail goods and services in Canada. It operates in three segments: Retail, CT REIT, and Financial Services. The Retail segment retails automotive maintenance products and accessories, parts, and tires, as well as automotive services and roadside assistance; electrical, hardware, home environment, paint, plumbing, and tool products; cleaning, food & drink, home décor, home essentials, home organization, kitchen, and pet care products; camping, exercise, hockey, hunting, fishing, seasonal recreation, and team sports and golf products; and backyard living, backyard fun, cycling, gardening, outdoor tools, seasonal, and toy products.