Canadian Tire (TSE:CTC.A) Stock Price Up 2.1% – Should You Buy?

Canadian Tire Co. Limited (TSE:CTC.A) shares were up 2.1% on Monday . The stock traded as high as C$158.37 and last traded at C$157.28. Approximately 539,799 shares traded hands during mid-day trading, an increase of 129% from the average daily volume of 235,639 shares. The stock had previously closed at C$154.07.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. CIBC raised their price objective 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 raised their target price on shares of Canadian Tire from C$188.00 to C$192.00 in a report on Friday, November 8th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$147.89.

Canadian Tire Trading Up 2.1 %

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 firm has a market cap of C$8.21 billion, a PE ratio of 22.96, a price-to-earnings-growth ratio of 0.35 and a beta of 1.33. The company has a 50-day simple moving average of C$155.32 and a 200 day simple moving average of C$148.41.

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.