Canadian Tire (TSE:CTC.A) Reaches New 12-Month Low – Should You Sell?

Posted by Joseph Casey on Dec 30th, 2024

Canadian Tire Co. Limited (TSE:CTC.A – Get Free Report) hit a new 52-week low during trading on Monday . The company traded as low as C$197.55 and last traded at C$151.90, with a volume of 98696 shares trading hands. The stock had previously closed at C$152.87.

Wall Street Analyst Weigh In

Several analysts have recently commented on CTC.A shares. CIBC increased their price target 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 boosted their target price 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 issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of C$147.89.

Check Out Our Latest Report on Canadian Tire

Canadian Tire Stock Down 0.6 %

The company has a debt-to-equity ratio of 173.58, a current ratio of 1.79 and a quick ratio of 1.15. The stock has a market cap of C$7.93 billion, a price-to-earnings ratio of 22.18, a price-to-earnings-growth ratio of 0.35 and a beta of 1.33. The firm’s 50-day moving average is C$153.62 and its 200 day moving average is C$149.98.

Insider Transactions at Canadian Tire

In other Canadian Tire news, Director Steve Frazier purchased 350 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The shares were purchased at an average price of C$152.56 per share, for a total transaction of C$53,397.68. Insiders own 1.90% of the company’s stock.

About Canadian Tire

(Get Free Report)

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.