Canadian Tire (TSE:CTC.A) Stock Price Crosses Above 200 Day Moving Average of $144.63

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Canadian Tire Co. Limited (TSE:CTC.A)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $144.63 and traded as high as $149.63. Canadian Tire shares last traded at $147.74, with a volume of 441,084 shares trading hands.

A number of equities analysts have recently weighed in on the company. TD Securities increased their target price on Canadian Tire from C$185.00 to C$190.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Royal Bank of Canada boosted their price target on Canadian Tire from C$188.00 to C$190.00 and gave the company an “outperform” rating in a research note on Friday, February 14th. BMO Capital Markets upped their price objective on Canadian Tire from C$147.00 to C$159.00 in a report on Friday, November 8th. CIBC increased their price objective on Canadian Tire from C$173.00 to C$178.00 in a research report on Friday, February 14th. Finally, National Bank Financial lifted their target price on Canadian Tire from C$174.00 to C$178.00 and gave the stock an “outperform” rating in a report on Friday, February 14th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Canadian Tire currently has a consensus rating of “Buy” and an average price target of C$176.88.

The firm has a market capitalization of $8.60 billion and a P/E ratio of 13.19. The company has a quick ratio of 1.21, a current ratio of 1.70 and a debt-to-equity ratio of 191.49. The business’s 50 day moving average is C$144.37 and its 200-day moving average is C$144.65.

About Canadian Tire (TSE:CTC.A)

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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