Canadian Tire Co. Limited (TSE:CTC.A)’s share price hit a new 52-week low on Wednesday . The stock traded as low as C$139.72 and last traded at C$139.97, with a volume of 77644 shares trading hands. The stock had previously closed at C$140.87.
A number of research firms recently commented on CTC.A. Barclays cut Canadian Tire from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from C$193.00 to C$166.00 in a report on Monday, February 11th. Royal Bank of Canada upped their price target on Canadian Tire from C$201.00 to C$203.00 in a research note on Monday, February 4th. BMO Capital Markets cut Canadian Tire from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from C$192.00 to C$158.00 in a research note on Friday, February 15th. National Bank Financial decreased their price target on Canadian Tire from C$170.00 to C$169.00 and set an “outperform” rating on the stock in a research note on Monday, May 6th. Finally, CIBC decreased their price target on Canadian Tire from C$181.00 to C$170.00 in a research note on Friday, February 15th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of C$176.00.
The company has a quick ratio of 1.17, a current ratio of 1.61 and a debt-to-equity ratio of 157.36. The company has a market capitalization of $8.45 billion and a P/E ratio of 12.88.
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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