Canadian Tire (TSE:CTC.A) Stock Price Passes Above 200 Day Moving Average – Time to Sell?

Canadian Tire Co. Limited (TSE:CTC.A)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$146.87 and traded as high as C$153.00. Canadian Tire shares last traded at C$152.95, with a volume of 189,007 shares changing hands.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. CIBC lifted their price target on Canadian Tire from C$160.00 to C$165.00 in a report on Friday, November 8th. TD Securities upgraded Canadian Tire from a “hold” rating to a “buy” rating and boosted their target price for the stock from C$160.00 to C$175.00 in a research note on Friday, August 9th. Desjardins boosted their target price on Canadian Tire from C$165.00 to C$175.00 in a research note on Friday, August 9th. National Bankshares boosted their target price on Canadian Tire from C$146.00 to C$158.00 in a research note on Friday, August 9th. Finally, Jefferies Financial Group boosted their target price on Canadian Tire from C$121.00 to C$126.00 in a research note on Friday, August 9th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Canadian Tire presently has a consensus rating of “Moderate Buy” and an average price target of C$147.89.

Canadian Tire Trading Up 0.9 %

The stock has a 50-day simple moving average of C$156.61 and a 200 day simple moving average of C$146.87. The company has a current ratio of 1.79, a quick ratio of 1.15 and a debt-to-equity ratio of 173.58. The company has a market cap of C$7.98 billion, a price-to-earnings ratio of 22.33, a PEG ratio of 0.35 and a beta of 1.33.

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.