Canadian Tire (TSE:CTC.A) Hits New 1-Year High – Here’s What Happened

Posted by Emily Schoerning on Jan 23rd, 2025

Canadian Tire Co. Limited (TSE:CTC.A – Get Free Report)’s stock price reached a new 52-week high on Thursday . The stock traded as high as C$164.61 and last traded at C$164.37, with a volume of 65649 shares trading hands. The stock had previously closed at C$159.62.

Wall Street Analysts Forecast Growth

Several analysts have commented on CTC.A shares. CIBC boosted their target price 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 increased their target price on shares of Canadian Tire from C$188.00 to C$192.00 in a research report on Friday, November 8th. Four research 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 stock has a consensus rating of “Moderate Buy” and an average price target of C$147.89.

Read Our Latest Research Report on CTC.A

Canadian Tire Stock Up 4.8 %

The firm’s 50-day moving average is C$154.93 and its two-hundred day moving average is C$152.55. 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 stock has a market cap of C$8.73 billion, a P/E ratio of 24.42, a PEG ratio of 0.35 and a beta of 1.33.

Insider Buying and Selling at Canadian Tire

In other news, Director Steve Frazier bought 350 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The stock was acquired at an average cost of C$152.56 per share, with a total value of C$53,397.68. Insiders own 1.90% of the company’s stock.

About Canadian Tire

(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.