Canadian Tire (TSE:CTC) Sets New 12-Month High – Time to Buy?

Canadian Tire Co., Limited (TSE:CTC)’s stock price reached a new 52-week high during trading on Wednesday . The stock traded as high as C$274.01 and last traded at C$266.20, with a volume of 1064 shares traded. The stock had previously closed at C$273.99.

Analyst Ratings Changes

Separately, BMO Capital Markets raised shares of Canadian Tire from a “hold” rating to a “strong-buy” rating in a research note on Thursday, February 20th.

Canadian Tire Price Performance

The stock has a market cap of C$10.19 billion, a P/E ratio of 15.28, a price-to-earnings-growth ratio of 0.49 and a beta of 1.33. The company has a debt-to-equity ratio of 150.68, a quick ratio of 1.15 and a current ratio of 1.60. The firm has a 50-day moving average price of C$237.09 and a 200-day moving average price of C$224.53.

Canadian Tire Company Profile

Canadian Tire Corporation, Limited, (TSX: CTC.A) (TSX: CTC) or ‘CTC’, is a group of companies that includes a Retail segment, a Financial Services division and CT REIT. Our retail business is led by Canadian Tire, which was founded in 1922 and provides Canadians with products for life in Canada across its Living, Playing, Fixing, Automotive and Seasonal & Gardening divisions.