Canadian Tire (TSE:CTC.A) Hits New 12-Month High – Still a Buy?

Canadian Tire Co. Limited (TSE:CTC.A)’s stock price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$164.13 and last traded at C$163.98, with a volume of 8499 shares. The stock had previously closed at C$162.18.

Analysts Set New Price Targets

A number of brokerages have recently commented on CTC.A. CIBC increased their price objective on Canadian Tire from C$160.00 to C$165.00 in a research report on Friday, November 8th. Royal Bank of Canada upped their price objective on shares of Canadian Tire from C$188.00 to C$192.00 in a research note on Friday, November 8th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of C$147.89.

Canadian Tire Trading Up 0.1 %

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 business’s 50 day moving average price is C$154.25 and its 200-day moving average price is C$151.84. The company has a market cap of C$8.46 billion, a price-to-earnings ratio of 23.65, a PEG ratio of 0.35 and a beta of 1.33.

Insider Transactions at Canadian Tire

In other Canadian Tire news, Director Steve Frazier acquired 350 shares of the stock in a transaction dated Friday, December 13th. The shares were bought at an average cost of C$152.56 per share, for a total transaction of C$53,397.68. 1.90% of the stock is currently owned by corporate insiders.

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.